What Steps Has the Fed Taken to Prevent a Further Banking Meltdown?

Lev Menand, associate professor at Columbia Law School and author of Columbia Global Reports’ “The Fed Unbound,” explains the initial steps that the Fed has taken to help stave off more of a banking meltdown that was precipitated by Silicon Valley Bank’s failure. He goes on to discuss how the Fed can only do so much and how Congress needs to intervene.

Find out more about what Lev Menand thinks about the Fed and its role in stabilizing the U.S. financial system in his Columbia Global Reports book, “The Fed Unbound: Central Banking in a Time of Crisis:” https://globalreports.columbia.edu/books/the-fed-unbound/

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