On Friday the Federal Reserve released the transcripts of its discussions in 2007, the year the housing market, the financial markets, and the broader economy began to unravel. Focusing on the crucial period from August to December, reporters from The Times shared their findings on what the transcripts reveal in the blog entries and tweets below.
This post has been revised to reflect the following correction:
Correction: January 18, 2013
An earlier version of the 12:51 p.m. entry in this post misidentified the speaker at a December 2007 meeting who said, "I’m actually very, very worried," describing his concerns about derivative products. It was Frederic Mishkin, not Eric S. Rosengren.
The Lede: Inside the Fed's 2007 Deliberations
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The Lede: Inside the Fed's 2007 Deliberations
