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Wall Street Reform: The Dodd-Frank Act

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The last fiscal policy was the Wall Street Reform: The Dodd-Frank Act. The provisions were to promote the financial stability of the United States and improving accountability and transparency in the financial system. This was enacted to end “too big to fail” and this was to protect the American taxpayer by ending bailouts and as well as protecting consumers from abusive financial services practices, and for other purposes. Other than fiscal policy’s put into place, monetary policies were put into place as well. The first was; lending to non-depository institutions, Interest paid on excess reserves, Quantitative Easing. All this was an effort to have one goal in mind, low and stable inflation, and one policy instrument TFFR.

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