How the Fed is tackling turmoil

The Federal Reserve has acted in line with its dual mandate in taking the four measures made to rein in the recent bout of market turmoil, said Frederic Mishkin, a governor at the central bank.

Mishkin said: "Although financial disruptions present one of the most difficult challenges that central banks can face, I believe that these measures have been appropriate for achieving our macroeconomic objectives of promoting price stability and maximum sustainable employment."

Since the crisis erupted

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