Kevin M Warsh: Longer days, fewer weekends Speech by Mr Kevin M Warsh, Member of the Board of Governors of the US Federal Reserve System, at the 12th Annual International Banking Conference, Chicago, Illinois, 25 September 2009. *  *  *  Recent media stories and more substantial works chronicle in great detail the events of the past couple of years.
1 A pair of conclusions might be fairly drawn from these early drafts of history. One, the financial market turmoil of the past year proved to be of significant consequence to the economy. And two, the Federal Reserve distinguished itself from historical analogues by taking extraordinary actions to address risks to the economy.