Mar 28 2007
Bernanke says impact of subprime crisis “seems likely to be contained”

Sep 18 2007
Cuts fed funds rate for the first time in the crisis by 50 basis points

Dec 12 2007
Creates TAF to auction loans to banks and first currency swaps to provide dollars globally

Jan 22 2008
Cuts rates 75 basis points in emergency meeting

Bear Stearns

Mar 24 2008
Invokes emergency 13.3 authority to back rescue takeover of Bear Stearns with $29bn loan

Sep 15 2008
Fails to prevent Lehman Brothers bankruptcy

Sep 16 2008
Bails out AIG with up to $85bn loan

Oct 7 2008
Starts buying commercial paper


Nov 25 2008
Starts buying Fannie Mae and Freddie Mac securities and creates TALF to finance investors in asset-backed securities

Dec 16 2008
Cuts interest rates to virtually zero

Mar 18 2009
Starts buying Treasuries

May 7 2009
Announces results of bank stress tests

Get alerts on Global Economy when a new story is published

Copyright The Financial Times Limited 2019. All rights reserved.
Reuse this content (opens in new window)

Comments have not been enabled for this article.