The role of monetary policy  Now, what is the role of monetary policy in this process? Monetary policy certainly helped to prevent the crisis from escalating. Still, there is one thing we should be clear about: monetary policy cannot solve the underlying causes of the crisis. Nevertheless, some observers propose an even more expansionary monetary policy.
In his remarks in this building in 1937, President Roosevelt described as our purpose "to gain for all of our people the greatest attainable measure of economic well-being, the largest degree of economic security and stability."