In 2010, President Obama signed into law that made the Federal Reserve as the nation's

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In 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, which expanded the regulatory authority of the Federal Reserve and designated it as the regulator of systemic financial risk. This includes monitoring and regulating large financial institutions to prevent another financial crisis like the one in 2008. The Federal Reserve is not a private bank, federal income tax collector, or fiscal policy making unit.

In 2010, President Obama Signed into Law That Made the Federal