The Great Recession, the US Fed, and the Lessons Learned

This paper is an endeavor to outline the Federal Reserve System's theoretical perspective of the financial market during the last three decades. It is a glimpse into the policies of regulatory authorities at the Fed whose designed path of financial growth led the US economy to its worst crisis in 2008 since the Great Depression.The Reagan era marked the beginning of the end of the post Great Depression financial regulations. This paper is also to briefly appreciate the Fed's realization of the importance of financial regulation and supervision to the US economic recovery