Elizabeth A Duke: Stabilizing the housing market – next steps Speech by Ms Elizabeth A Duke, Member of the Board of Governors of the US Federal Reserve System, at the Global Association of Risk Professionals’ Risk Management Convention, New York, 11 February 2009.
The original speech, which contains various links to the documents mentioned, can be found on the US Federal Reserve System’s website. *  *  *  In the summer of 2007, the U.S. and global economies entered a period of unprecedented financial turmoil, which has since led to a significant slump in macroeconomic activity.