About Regulatory Reform. About Regulatory Reform On July 21, 2010, President Obama signed into law the Wall Street Reform and Consumer Protection Act of 2010.
This historic financial reform legislation will play a crucial role in preventing future crisis, helping families save for the future, and growing our economy. Creates new... Consumer Financial Protection Bureau Financial Stability Oversight Council Investment Advisory Committee Office of Credit Ratings Office of Financial Literacy Office of Financial Research Office of Minority and Women Inclusion Affects... Board of Governors of the Federal Reserve System. Quantitative Easing: CNBC Explains - Quantitative Easing, The Federal Reserve, Inflation, Economic Stimulus. FRB: Federal Open Market Committee. About the FOMC The term "monetary policy" refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals.
The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy. The Federal Reserve controls the three tools of monetary policy--open market operations, the discount rate, and reserve requirements.