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Documents show how Fed missed housing bust

Ben Bernanke

Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation's economy could pull off a "soft landing" from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy....

 

Fed Launches New Stimulus

Bernanke launched a new package of measures to support a limping economy and once again took the kind of unconventional approach that has become a trademark of his tumultuous tenure.

 

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