The Plunge Protection Team is the informal name for the President's Working Group on Financial Markets. Originally established by President Ronald Reagan, the organization is tasked with providing recommendations to enhance the integrity, efficiency, and competitiveness of U.S. financial markets.
“When you looked at what was going on in all the markets that the plunge protection team were in absolutely everything on Monday. They were in the dollar index, bond yields, stock markets, and obviously the oil markets.”