The Financial Stability Oversight Council was created by
A)President Roosevelt in 1939 to reduce unemployment and increase public-sector job opportunities.
B)President Obama and Congress in 2010 to identify systemwide risks to the financial sector.
C)Congress in 1965 to counter the growing influence of the Office of Management and Budget.
D)President Reagan in 1980 to study the causes of inflation and make policy recommendations to reduce it.

Question

Quizplus · Accepted Answer

The Financial Stability Oversight Council was created by President Obama and Congress in 2010 to identify systemwide risks to the financial sector. Its primary purpose is to promote financial stability by identifying and addressing systemic risks that could lead to another financial crisis like the one that occurred in 2008.

The Financial Stability Oversight Council Was Created by