Under the Obama Plan, the power of the Federal Reserve would be severely limited.

Question

Quizplus · Accepted Answer

The Obama Plan, officially known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, aimed to increase oversight and regulation of the financial industry, including the Federal Reserve, but it did not severely limit the Fed's power. Instead, it expanded the Fed's regulatory responsibilities, particularly in overseeing systemic risk and the supervision of large financial institutions.

Under the Obama Plan, the Power of the Federal Reserve