The federal reserve bank deals with the sluggish demand that followed subsequent financial crisis through expansionary monetary policy.
What Reserve bank?
Reserve bank contains the amount of money that an economy or country should not go beyond.
This money cannot be given out as loan or release to circulation and it helps to manages the supply of money in a given states.
Therefore, The Federal Reserve Bank attempted to deal with the sluggish aggregate demand that followed the housing market crash and subsequent financial crisis through Expansionary monetary policy.
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