Likewise figures released by the National Audit Office in the UK, put the cost of bailouts for the UK taxpayer due to the 2008 Financial Crisis alone at a peak of £ 11. The above numbers, thus, give a sense of the economic loss arising out of financial crisis. These numbers are staggering and hence, scary.
For release on delivery 6:45 p.m. EDT July 13, 2023  Big Shocks Travel Fast: Why Policy Lags May Be Shorter Than You Think  Remarks by Christopher J. Waller Member Board of Governors of the Federal Reserve System at the The Money Marketeers of New York University  New York, New York  July 13, 2023  Thank you.