Michele: Lehman Collapse Made Fed More Market Sensitive

The transcript discusses the collapse of Lehman Brothers, highlighting the impact on financial markets and central banks' responses. Personal anecdotes illustrate the crisis's intensity, while discussions focus on policy responses and the political challenges faced. Lessons learned emphasize the importance of monetary policy and market stability.

What significant event is referenced in relation to Lehman Brothers?

How did policymakers react during the weekend leading up to the collapse of Lehman Brothers?

What was the general sentiment regarding the policy response to the financial crisis?

What lessons have central banks learned since the financial crisis?

What was considered an enormous policy error by the ECB in June 2008?