ECONOMICS
MONETARY POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Janet Yellin
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Steve Mnuchin
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Jerome Powell
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Milton Friedman
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Detailed explanation-1: -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-2: -Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018. He was sworn in on May 23, 2022 for a second term as Chair ending May 15, 2026.
Detailed explanation-3: -Powell, a Republican, was initially appointed to the Federal Reserve board by then-President Obama in 2012 and elevated to chairman by then-President Trump. Powell was confirmed to his first term heading the central bank by a 84-13 Senate vote.
Detailed explanation-4: -Paul Adolph Volcker Jr. (September 5, 1927 – December 8, 2019) was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987.
Detailed explanation-5: -Charles S. Hamlin was the first chairman (called “governor” before 1935) of the Federal Reserve Board. He took office on August 10, 1914, and was chairman until August 9, 1916, then remained on the Board as a member until February 1936.