Some analysts blame the last economic crisis on Federal Reserve policy. They argue that the Fed did not adequately regulate the mortgage market's credit standards for issuing loans as required by the Federal Reserve Act.

Question

Quizplus · Accepted Answer

The Federal Reserve Act does not specifically require the Fed to regulate mortgage market credit standards. The Fed's role is more focused on monetary policy and overall financial stability rather than direct regulation of mortgage lending practices.

Some Analysts Blame the Last Economic Crisis on Federal Reserve