In 2008, the Federal Reserve lowered interest rates and the federal government implemented a tax rebate program

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In 2008, the Federal Reserve lowered interest rates and the federal government implemented a tax rebate program as the U.S. economy began to show signs of entering a recession. Later in the year, the Federal Reserve provided very large amounts of money to the financial markets and banking system as the financial markets began to collapse, to prevent a much more serious recession or depression from developing. Which function of government was the Federal Reserve and the federal government performing? 

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