"As you know, in the latter part of 2008 and early 2009, the Federal Reserve took extraordinary steps to provide liquidity and support credit market functioning, including the establishment of a number of emergency lending facilities and the creation or extension of currency swap agreements with 14 central banks around the world."

Swap

From

Economist

Added on

About Ben Bernanke

Ben Bernanke is an American economist who served as chair of the U.S. Federal Reserve from 2006 to 2014. He played a central role in monetary policy during the global financial crisis and later received the Nobel Memorial Prize in Economic Sciences.

Born:

View all quotes from Ben Bernanke