The U.S. Federal Reserve Bank played a central role in mounting a response to the financial crisis of 2008. Battling unprecedented disasters the Fed responded with what experts describe as creative even heroic measures. But in the wake of that crisis the Fed faces new challenges including an increasingly critical Congress at a time when the central bank’s responsibilities have expanded in significant ways. Observers question whether the Fed can continue to effectively monitor the financial landscape while also keeping clear of the politicians in Washington.
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