37 YEARS OF LEADERSHIP FOR TEXAS BY TEXANS
Background on the Issue: The Federal Reserve and Congress aggressively responded to the financial crisis that began in the summer of 2008. The Federal Reserve’s rapid reduction of the targeted Federal Funds rate, three rounds of quantitative easing, and other crisis-related programs were all carried out to improve financial conditions and avoid an economic depression. Subsequently, Congress enacted the Dodd–Frank Wall Street Reform and Consumer Protection Act which has added multiple regulatory layers that are seen by many in the financial industry as a constraint on credit.
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