Formed by President Ronald Reagan after the one-day stock market crash in 1987
Purpose is to stabilize financial markets during volatile periods
The Group consists of:
the Treasury Secretary
the Chairman of the Federal Reserve
the Chairman of the Securities and Exchange Commission and the Commodity Trading Commission
Humorously referred to as the "Plunge Protection Team"
Actions/Methods of the PTT?
Not defined on paper - "confidence building measures" is how they are defined
Speculation is that they may buy stock market futures
What Has the PPT Been Called?
Called by Steve Munchin in December 2018 after a large market selloff
Warnings and Disclaimers
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