Answer the questions below in complete, concise, and well-organized essays. Be sure to support your argument with evidence from readings and lectures. Choice # 1: Why do some Chairs of the FOMC have longer terms than other Chairs?

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Choice # 1: Why do some Chairs of the FOMC have longer terms than other Chairs? A good answer this question should begin by naming at least three FOMC chairs, at least one who served 4 years (a single term) or less and last least one of whom served more than 4 years (which means they were reappointed as chair of the FOMC). Describe the policies pursued by the Fed under the direction of these FOMC chairs and how their policies contributed to the decision whether to reappoint the person as the chair of the FOMC or not. Use the information that you provided to explain the criteria that the President and Senate have used to decide when to reappoint individuals as chair of the FOMC.