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April 11, 2012
During an interview on "The Hays Advantage," which was broadcast live from the St. Louis Fed on April 11, Vice President and Deputy Director of Research David Wheelock discussed his research on the Fed's lending to banks through its discount window and Term Auction Facility (TAF) programs during the financial crisis.
For more information on this topic, see Wheelock's working paper (with R. Alton Gilbert, Kevin L. Kliesen and Andrew P. Meyer), "Federal Reserve Lending to Troubled Banks During the Financial Crisis, 2007-10."
Audio file not yet available.
President and Chief Executive Officer
Executive Assistant to the President
Senior Vice President and Chief of Staff to the President
Cletus C. Coughlin
Senior Economist and Special Assistant to the President
"Rationally, let it be said in a whisper, experience is certainly worth more than theory."