Answer :

When an economic crisis occurs, the federal reserve generally responds U.S congress.

When an economic crisis occurs, whom does the federal reserve generally respond?

  • In order to strengthen the liquidity of financial institutions and promote improved circumstances in financial markets, the Federal Reserve aggressively responded to the financial crisis that erupted in the summer of 2007. The Federal Reserve's balance sheet underwent major modifications as a result of these programs.
  • The Federal Reserve continues to take action to achieve its statutory objectives for monetary policy: maximum employment and price stability, even when certain crisis-related special programs have ended or have been closed.

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