# Prof. Richard Sylla reflects on the Federal Reserve's role in past financial crises

1 Faculty News September 11, 2013 ![Fox Business logo](/sites/default/files/styles/246w/public/assets/images/con_031722.jpg?itok=a0Gxu60a)>

Excerpt from [Fox Business](http://www.foxbusiness.com/investing/2013/09/11/remembering-11-fed-raced-to-smother-financial-fires/) -- “'They screwed up in the Depression of the ‘30s, but there were a lot of times we had something that could have been worse and the Fed prevented it from getting worse,' said [Richard Sylla](http://www.stern.nyu.edu/faculty/bio/richard-sylla), a professor and financial historian at NYU."

[Read more](http://www.foxbusiness.com/investing/2013/09/11/remembering-11-fed-raced-to-smother-financial-fires/)