Entities

The Presidents Working Group on Financial Markets

The Presidents Working Group on Financial Markets
Plunge Protection Team
PPT

More About The Presidents Working Group on Financial Markets

  • 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