The length of the essay should be no more than 500 typed words (i.e. two typed p

The length of the essay should be no more than 500 typed words (i.e. two typed pages in length). Writing the essay requires research. You must download two articles from newspapers or online news sources that discuss reasons President Donald Trump replaced Janet Yellen as Chair of the FOMC with Jerome Powell and another two articles from newspapers or online news sources that discuss reasons President Joseph Biden may replace Jerome Powell with another candidate. The potential replacement most often mentioned is Lael Brainard. You must also create a table from information about FOMC chairs available on the website www.federalreservehistory.org. (Links to an external site.) The table should have five columns. The first should indicate the name of each chair of the FOMC. The second should indicate the year that each chair began their appointment. The third should indicate the year that each chair ceased to be in office. The fourth should indicate the number of years that each chair served. The fifth should indicate the reason that you believe the chairs served a long or short term, based on information provided in the course lectures and readings.
You report should be divided into four parts.
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?