Archive

Fed in 2007: Everything’s Fine

YIKES

Felt no need to act on foreclosure crisis.

cheats/2013/01/18/fed-in-2007-everything-s-fine/ben-bernanke-missed-signs-cheat_ylbnzb
Chip Somodevilla / Getty Images News

So the Federal Reserve just thought everything was cool in early 2007 and there was no need to act, despite that people were losing their homes? That explains a lot.

We think “subscriber” would look good on you. Join now to unlock access.

Don't miss this subscriber exclusive article.