ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Barack Obama
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Janet Yellen
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Ben Bernanke
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Alan Greenspan
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Detailed explanation-1: -Recent News. Janet Yellen, in full Janet Louise Yellen, (born August 13, 1946, Brooklyn, New York, U.S.), American economist, chair (2014–18) of the Board of Governors of the Federal Reserve System (“the Fed”), the central bank of the United States, and secretary of the U.S. Department of the Treasury (2021– ).
Detailed explanation-2: -Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022.
Detailed explanation-3: -But the fact that she was an Obama appointee who favored tight regulation of banks was an impediment to their relationship. That, in combination with what many saw as Trump’s sexism, contributed to his decision to replace Yellen when her four-year term was up in early 2018.
Detailed explanation-4: -She had one of the shortest tenures in that position and was succeeded by Jerome Powell after President Donald Trump refused to renominate her for another term.