Since its onset, the Fed's powers and responsibilities have

Question

Quizplus · Accepted Answer

The Fed's powers and responsibilities have increased over time. For example, the Dodd-Frank Act of 2010 expanded the Fed's regulatory authority over financial institutions and gave it additional tools for addressing systemic risk. Additionally, the Fed has taken on a more active role in monetary policy since the 1970s, when it began targeting inflation and using interest rates as a tool for achieving its goals.

Since Its Onset, the Fed's Powers and Responsibilities Have