Which statement is NOT a criticism of the Federal Reserve's handling of the 2007-2009 financial crisis?
A) The Fed encouraged a housing bubble by keeping interest rates too low for too long.
B) The Fed should have strengthened the dollar to shore up exports.
C) The Fed overstepped its authority by exercising powers it did not legally have.
D) The Fed should have recognized that there was a problem sooner.

Question

Quizplus · Accepted Answer

This statement is not a criticism of the Federal Reserve's handling of the 2007-2009 financial crisis. The other statements are criticisms of the Fed's actions during the crisis. A asserts that the Fed kept interest rates too low, contributing to a housing bubble. C suggests that the Fed exceeded its legal authority. D criticizes the Fed for failing to recognize the severity of the crisis in a timely manner.

Which Statement Is NOT a Criticism of the Federal Reserve's