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The government's and the bank's actions, along with the reassuring speeches of its governor, Glenn Stevens, helped to damp down the early panic.
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With a reassuring speech that was taken to imply that the next move in interest rates would be downwards, and that the Fed was ready to ease if the economy slowed too sharply, he lifted share values by almost $600 billion in a single day.
Take JFK's reassuring speech in West Berlin in 1963.
Indeed, the speech was reassuring in a Rooseveltian "the only thing we have to fear... .. way.
Reassuring words.
Malcolm Turnbull has ruled out dramatically ramping up Australia's military role in the Middle East and reinforced his plea for community unity at home in a security speech aimed at reassuring people about efforts to prevent terrorism.
BUSH VISION FOR IRAQ -- In a speech aimed at reassuring the world of Iraq's prospects for stable self-rule, the president outlined plans for the June 30 transfer of power, and said a United Nations envoy would announce leaders of the interim government this week.
The speech reassured, even in the way it alternated its soaring Gersonian moments and its Hughesian explanations.
Obama's Wednesday night speech reassured the Democratic base that the President is deeply committed to getting universal coverage.
For Yellen, the speech was the equivalent of an incoming President's reassuring State of the Union address.
Bush's speech went some distance in reassuring those who feared that his response to this crisis would be a primitive spasm of vengeful violence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com