Fed's Williams Says Pandemic Is Chance to Consider Reforms

The video discusses the importance of learning from past financial crises, particularly the 2008 crisis, to enhance the resilience of the financial system. It highlights the successful reforms implemented post-2008 and the need to analyze recent market disruptions to further strengthen the system. The role of central banks, especially the Federal Reserve, in providing liquidity and ensuring financial stability is emphasized as crucial in times of economic stress.

What role do central banks play during times of market stress?

Why is the Federal Reserve's role still relevant today?