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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.

Image from the St. Louis Fed 1993 Annual Report © Federal Reserve Bank of St. Louis
Community Development

The Federal Reserve’s Community Development function promotes economic growth and financial stability for low- and moderate-income 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

Masthead from the Summer 1993 Kansas City Fed community affairs newsletter&nbsp;
Community Reinvestment Act

The Federal Reserve and other federal banking agencies have implemented the CRA since its passage in 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