Ben S Bernanke: The crisis and the policy response Text of the Stamp Lecture by Mr Ben S Bernanke, Chairman of the Board of Governors of the US Federal Reserve System, at the London School of Economics, London, 13 January 2009. The original speech, which contains various links to the documents mentioned, can be found on the US Federal Reserve System’s website.
*  *  *  For almost a year and a half the global financial system has been under extraordinary stress – stress that has now decisively spilled over to the global economy more broadly.