{'fraction_non_alphanumeric': 0.011784511784511785, 'fraction_numerical': 0.013468013468013467, 'mean_word_length': 4.5607476635514015, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
The Financial Crisis and the Federal Reserve

The financial crisis that started in August 2007 is the most severe shock to financial markets that the United States has experienced since the Great Depression. Not only has this shock had dramatic effects on the U.S. economy, with the recession that started in December 2007 likely to be the most prolonged and deep one since World War II, but it also has had immense effects on the Federal Reserve. There are four questions that I would like to address about the implications the financial crisis has for how the Federal Reserve conducts policy.