Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

The Fed's surprise move 10 years ago set the tone for its crisis response

Jan 23, 2018
Ten years ago this week, the Fed unexpectedly slashed interest rates at an unscheduled meeting. It was the first of many "bold" actions by the Fed during the financial crisis.
Federal Reserve Board Chairman Ben Bernanke testifies during a hearing before the House Budget Committee Jan. 17, 2008 on Capitol Hill in Washington, D.C. Bernanke was on the Hill to give his views on the outlook of U.S. economy and he said the economy has been growing slow.
TIM SLOAN/AFP/Getty Images