1. You have just been elected president of the United States,and the present Chair of the Federal Reserve Board has resigned.You need to appoint a new person to this position, as well as aperson to chair your Council of Economic Advisers. Using yourknowledge of macroeconomics, identify the personal characteristicsand the views on macro theory and policy you would want yourappointees to have and implement.Ă‚Â Ă‚Â Remember, theeconomic health of the entire nation and solution to keeping theeconomy growing will be impacted by this decision.
2. As you know, during the Great Recession, the Fed proposed anumber of \"bail out\" measures to address the “great recession”.Indicate why or why not you would recommend that your new appointeeuse similar measures if this situation arises again. Should the Fedhave a bond-buying program? Identify any new policies that youwould like your candidate to follow.
