As severe as the effects of the financial crisis have been, however, the outcome could have been markedly worse without the strong actions taken by the Congress, the Treasury Department, the Federal Reserve, the Federal Deposit Insurance Corporation, and other authorities both here and abroad.
Bernanke acknowledges the collaborative efforts that mitigated the financial crisis impact.
Share
More from Ben Bernanke
We can't defund the police. We need police, but there are concerns about police community relations and police behavior.
Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.
Other voices in this conversation
