During the last financial crisis, the Federal Reserve was criticized for overstepping its authority and exercising powers it had not been granted. Which of these was NOT one of the causes of this criticism of the Fed?

Question

Quizplus · Accepted Answer

The Federal Reserve was criticized for actions such as buying risky assets, bailing out nonbank institutions, and expanding the monetary base, which could risk future inflation. However, lack of explanation for its actions was not among the primary causes of criticism; the main concerns were about the nature and implications of the actions themselves.

During the Last Financial Crisis, the Federal Reserve Was Criticized