“Comparing the Federal Reserve’s Reaction to the Financial Crisis Versus the Unemployment Crisis” (LINK)

Link: “Comparing the Federal Reserve’s Reaction to the Financial Crisis Versus the Unemployment Crisis

Mike Konczal’s excellent takedown of the Federal Reserve’s reaction to the unemployment crisis (with graphs!). The summary:

Lehman Brothers goes worse than the Federal Reserve’s projection and the Fed goes to the most extreme lengths it can find to extend emergency lending.  Every single unemployment number turns out to be worse than all of the Federal Reserve’s projections, and the Federal Reserve finds every excuse to look the other way.

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