Question

Which of the statements is most likely FALSE: Jerome Powell is the current FED Chair The...

  1. Which of the statements is most likely FALSE:

    1. Jerome Powell is the current FED Chair

    2. The FED Chair is nominated by the US President

    3. Like a US President, a FED Chair can serve a maximum of two four year terms

    4. To stimulate the US economy after the housing market collapse in 2008,the FED effectively lowered the

      federal funds rate to zero

    5. To stimulate the US economy after the housing market collapse in 2008, the FED increased the supply of

      US dollars in circulation

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer is 3

Like a US President, a FED Chair can serve a maximum of two four year terms

A chair may serve multiple consecutive terms of 4 years, pending a new nomination and confirmation at the end of each

Add a comment
Know the answer?
Add Answer to:
Which of the statements is most likely FALSE: Jerome Powell is the current FED Chair The...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Several links were posted to D2L and included。n the bond lecture slides which of the statements...

    Several links were posted to D2L and included。n the bond lecture slides which of the statements (I-IV) is (are) most likely FALSE I. When sh orter maturity treasuries are yielding less than longe r maturity treasuries, the yield curve is Il. When shorter maturity treasuries start to yield more than longer maturity treasuries, the bond market ls Il. When shorter maturity treasuries are yielding more than longer maturity treasuries, it would be a good V. If investors are confident that...

  • Federal Reserve Chairman Jerome Powell announced the central bank will lower interest rates for the first...

    Federal Reserve Chairman Jerome Powell announced the central bank will lower interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. Federal Reserve Chairman Jerome Powell announced the Fed will lower its target federal funds interest rate by 25 basis points to a range of 2.0% to 2.25%. Powell stated the Fed still viewed the outlook for the U.S. economy as favorable, but the interest rate cut is...

  • To stimulate the economy, the Fed will most likely buy securities to increase reserved in the...

    To stimulate the economy, the Fed will most likely buy securities to increase reserved in the monetary system and when money supply is increased interest rates tend to fall thereby stimulating business activity. True False

  • 10. Which of the following statements is (are) correct? A.The Fed selling bonds in the open...

    10. Which of the following statements is (are) correct? A.The Fed selling bonds in the open market would shift money supply nght ward B.An increase in the value of money (1/P) would shift money supply rightward. C.The Fed selling bonds in the open market would cause the value of money to decrease. D. All of the above E.None of the above 11.The central bank in the US increased the money.supply in the latter part of the first decade of the...

  • With the onset of the 2007-2008 Great Recession, the Fed, led by Fed Chairman Ben Bernanke...

    With the onset of the 2007-2008 Great Recession, the Fed, led by Fed Chairman Ben Bernanke (2006- 2014), lowered its target interest rate (the federal funds rate) to a range of 0.00-0.25 percent. This was done with 7 rate cuts during 2008, after several in 2007. Consider the aggregate demand aggregate supply diagram below, which represents the macroeconomy. Suppose the market is initially at an equilibrium at point A. What effect will the Fed's actions have on this economy? LRAS:...

  • 10.Which of the following statements is (are) correct? A.The Fed selling bonds in the open market...

    10.Which of the following statements is (are) correct? A.The Fed selling bonds in the open market would shift money supply right ward B.An increase in the value of money (1/P) would shift money supply rightward. C.The Fed selling bonds in the open market would cause the value of money to decrease. D.All of the above E.None of the above 11.The central bank in the U.S increased the money supply in the latter part of the first decade of the 2000s...

  • Question 17 (1 point) With the onset of the 2007-2008 Great Recession, the Fed, led by...

    Question 17 (1 point) With the onset of the 2007-2008 Great Recession, the Fed, led by Fed Chairman Ben Bernanke (2006- 2014), lowered its target interest rate (the federal funds rate) to a range of 0.00-0.25 percent. This was done with 7 rate cuts during 2008, after several in 2007. Consider the market for money illustrated in the figure below. Assume the market initially (just prior to Great Recession) is in equilibrium at point A. Describe the effects the Fed's...

  • 2) During a Recession, the MPC tends to a) Increase, increases b) Decrease, decreases c) Decrease,...

    2) During a Recession, the MPC tends to a) Increase, increases b) Decrease, decreases c) Decrease, increases d Increase, decreases which the recessionary gap 3) Suppose that the MPC is .75 and the U.S Federal Government reduces taxes by 10 million dollars. After 3 rounds of the multiplier process RGDP will change by a) 4.23 million b) 17.34 million c) 23.13 million dollars. d) 30 million 4) "George W. Bush's $152 billion tax rebate plan of 2008 was designed to...

  • Multiple Choice: 1) Assume the MPC is 0.75 and lump sum taxes are collected by the government. What is the governm...

    Multiple Choice: 1) Assume the MPC is 0.75 and lump sum taxes are collected by the government. What is the government tax multiplier? A)-1.33 B) - 25 C) - 75 D) -4 E) -3 , which the recessionary gap. 2) During a Recession, the MPC tends to a) Increase, increases b) Decrease, decreases c Decrease, increases d) Increase, decreases 3) Suppose that the MPC is.75 and the US Federal Government reduces taxes by 10 million dollars. After 3 rounds of...

  • 28 The Chairman or Chairlady of the Federal Reserve Bank has the power to personally order...

    28 The Chairman or Chairlady of the Federal Reserve Bank has the power to personally order an increase in the U.S. money supply. A vote by the Fed's FOMC is not needed in order to increase the nation's money supply. 2016.05 Multiple Choice This is false This is true only if both the President of the United States and treat of the Freneha bebes to increase the nation's money supply, then the FOMC no need None of the above Free...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT