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The Federal Reserve advances supervision, community reinvestment, and research to improve understanding of the impacts of financial services policies and practices on consumers and communities.

President Obama Signs the Dodd-Frank Act
Dodd-Frank Act

This wide-ranging legislation was signed by President Obama in 2010

Job seekers line up to apply for positions at an American Apparel store April 2, 2009, in New York City.
Great Recession and After

The deep, protracted downturn in 2007-09 was followed by an unusually slow recovery

Federal Reserve Board Chairs Ben Bernanke,&nbsp;Paul Volcker, and Alan Greenspan.
Great Moderation

This period of relative macroeconomic stability lasted from the mid-1980s to 2007

President Carter signing the Community Reinvestment Act on Oct. 12, 1977.
Community Reinvestment Act

President Jimmy Carter signed the Community Reinvestment Act on October 12, 1977.

Close-up of a&nbsp;"Whip Inflation Now"&nbsp;[WIN] button,&nbsp;President Ford's symbol of the fight against inflation.
Great Inflation

The defining macroeconomic period of the second half of the 20th century lasted from 1965 to 1982

President Harry Truman Signs Employment Act of 1946
Employment Act

President Truman signed the Act in 1946 in the aftermath of WWII