Part 1: Present the table that you created and discuss the reasons that some chairs of the FOMC served much longer terms than others. Note that FOMC chairs initial term is 4 years. Any FOMC chair who served longer than 4 years was reappointed (often by the President that succeeded the President who initially appointed them).
Part 2: Explain, based on the articles that you found, why Trump replaced Janet Yellen with Jerome Powell. Did Janet fail to receive reappointment for the same reason as FOMC chairs in the past? Justify your conclusion with citations to the article (or maybe Trump’s Twitter feed).
Part 3: Explain, based on the articles that you found, why Biden may replace Jerome Powell with someone else. Justify your conclusion with citations to the articles that you downloaded.
Part 4: Now, come to a conclusion. Do the criteria to reappoint the FOMC chair differ during the Trump and Biden Presidencies than during Presidencies in the past? Is this a good or bad thing?
