Charles I. Plosser at the World Affairs Council, February 17, 2010

Lessons Learned From the Worldwide Financial Crisis

Troubled financial markets, rising unemployment, mounting debt and home foreclosures...what have we learned from the Great Recession?

As we begin to emerge from what most economists consider to be the worst economic downturn since the Great Depression, the question remains: What lessons will our policymakers, legislators, investors, and private citizens take away from the great global financial crisis? Can we implement policies and practices that will preclude another financial trauma of this magnitude? And how do we factor in the shifting landscape in global economic power and wealth?

Philadelphia Federal Reserve President Charles I. Plosser joined the Council on Wednesday, February 17, 2010, for a discussion of the causes and aftermath of the international financial crisis and a look at the vital role central banks have in ensuring financial stability and easing global anxiety.

The Council thanks Wells Fargo Advisors for support of this program.

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