The Financial Stability Oversight Council was created by Question 29 options: President Roosevelt in 1939 to reduce unemployment and increase public-sector job opportunities. President Obama and Congress in 2010 to identify system-wide risks to the financial sector. Congress in 1965 to counter the influence of the growing influence of the Office of Management and Budget. President Reagan in 1980 to study the causes of inflation and make policy recommendations to reduce it.

B. President Obama and Congress on 2010 to identify system-wide risks to the financial sector.

Explanation:

The Financial Stability Oversight Council was approved by congress and signed into law by President Barack Obama on July 21, 2010. This council was mainly formed to monitor the ability of financial organizations in the United States to overcome factors that could make them fall.

When those factors are identified, the council addresses those factors. They also ensure that rules are followed in the course of business so that organization do not believe that the government would save them in the event that they do not meet up.

The Office of Financial Research supports the council.

President Obama and Congress in 2010 to identify system-wide risks to the financial sector.

Explanation:

The Financial Stability Oversight Council was created by President Obama and Congress in 2010 to identify system-wide risks to the financial sector.