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The chairs of the Federal Reserve System are often regarded as having more direct influence over...

The chairs of the Federal Reserve System are often regarded as having more direct influence over the current economy than presidents. Repeat the exercise in Problem 5 substituting Federal Reserve chairs for presidents, starting with P. Volcker in 1979. On the basis of these two tables, which Fed chair do you regard as most successful (or as the luckiest) economically?

Presidents of the United States

William Clinton            1993-2001

George W. Bush            2001-2009

Barack Obama              2009-2016

Donald Trump              2016-2019

Federal Reserve Chairs in the United States

Paul Volcker                 1979-1987

Alan Greenspan            1987-2006

Ben Bernanke               2006-2014

Janet Yellen                 2014- 2016

Jerome Powell             2016- present

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Fed Choi Psteai olent Ls) Yau Volcke1q1-7 191- mmy Canter(iq TT-i) Ronaud Reo gan (1q83-) 1487-2006 / Ron여 Reagan ( I q 81-89); Geonge H w. Cash (193- 3) 0iil Cunton (1q93 2001) GeoxgeW Buh (2004-200) 2. Alan Creensban s Ben Bennanke 2006-14/G-W Bush (200 1-20ơ 14 Boxak obama (2ooq- 2o14- 16 Barack obama (200q-1T) 2016-PoreandBa ob ama (206417 y Janer Heden Jorome Row Alan Gaueen a pan is censidenedl as the most succe vs chaisuman of Fed. He pseai ded oveh a peioel when us was hauing Jow in lot ion sautes Also tthene Jot suoeo unem ploy men and longes was otw saut e economic expanion in Us histo pteel grouth, When the gHobol cusien oy ou sn growuth. When the glo bal Cwsiency ousn began in Asia in IqqT, &Orme 40 % ok the global economy was pusheel into stece ssion. US econom wcs also thieat Ovencome nate sne duc tions in the eou 1498. He is cor desedt to be the grut eco nonist in US to penCeivc. w hcut was h ened by this, bw tis was Gpteen spans pou Cs-

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