Amit Seru

Amit Seru

Amit Seru is Professor of Finance at the Stanford Graduate School of Business and a senior fellow at the Hoover Institution.

How the Fed Became a Lender of Immediate Resort

By acting as a lender of immediate resort, the Fed may have steadied markets, but it also left the underlying incentives unchanged, setting the stage for the next crisis and putting its independence under strain.

Amit Seru

December 25, 2025 at 6:01 AM IST

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