The Fed's prudential supervision benefits, in turn, from the expertise we develop in carrying out other parts of our mission – for example, the knowledge of financial and economic conditions we gather in the formulation of monetary policy and the insight into retail financial markets that flows from our consumer protection responsibilities.
Lessons from the financial crisis Since the onset of the crisis, the Federal Reserve and other U.S. supervisors – in many cases along with supervisors from other countries – have been working to identify both its causes and its lessons.