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Plunge Protection Team

Acronym
PPT
Entity Type
Government
Location
United States
Founding Date
1988
Parent Entity
Federal Reserve Bank of New York

The Plunge Protection Team is a term coined by The Washington Post in 1997 referring to the Working Group on Financial Markets. The group provides financial advice to the U.S. President during times of economic and stock market turbulence. TPP is composed of high-ranking government financial officials who reports directly and privately to the president of the United States.

Head: Secretary of the Treasury


Members:

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