Q4 W4 Remote Learning due by May 30, 2020

On this Memorial Day, please remember the ultimate sacrifice of those men and women who gave their lives to protect and defend our country.

Good news for seniors,  if Q4 weeks 1,2,3 are complete than you have passed  THIS COURSE for the quarter.  Check Aspen or email me if you are unsure or have any questions about your grade.
The bad news, if you have not completed the work it must be done by Friday. or you will fail for the quarter.
In THIS elective class, but NOT ALL senior classes, 3 weeks of work must be completed for seniors to pass for the quarter. You can substitute this week's work for a missing previous week's work.
Just to be clear, 3 week's work may not be enough to pass ALL other  Senior classes. Check with your other teachers about work due for their courses. 

Q4W4 Work due by Friday for all Juniors or Seniors missing work.
I wanted you to watch the 60 Minutes interview with Jerome Powell, Chairman of the Federal Reserve Board. Unfortunately, it is on CBS All Access, so we will watch parts of it on other venues

 Watch the top takeaways from Fed Chairman Powell's interview
https://www.youtube.com/watch?v=DCwxphhfR7Y
  1. How long is Powell's term as Chairman of the Fed, (he was appointed last year by President Trump)?
2.  Can he be fired by the President before his term expires?  Will Powell resign?
3. Why do you think the Chairman won't respond directly to the President's criticism?  President Trump wants the Federal Reserve to do more in this crisis.
4. List 3 of the biggest financial risks Powell identified facing the US during this COVID crisis.

Powell discussed income disparity in the US, the richest 50% of Americans control 90% of the wealth.
Which leaves 10% of the wealth for the poorest half of Americans. Watch
https://www.youtube.com/watch?v=kI9IcSnaWyU
5. What does Powell say is the best way to increase productiviy and help end the dual problems of low social mobility for Americans, and stagnation of incomes.

Watch Powell discuss  the safety of American banks
https://www.youtube.com/watch?v=L3WOkqEh2sY

6. List two ways banks are stonger today than they were before the 2008 Financial Crisis.

Watch the 2017  Overtime segment and how Scott Pele views his interviews with two Fed Chairmen: former Chairman Ben Bernanke (2006-2014) and current Chairman Jerome Powell (2018-2022).
Not interviewed was the first female Chairperson, Janet Yellen (2014-2018)
https://www.youtube.com/watch?v=UrDvsyo5vcM

7.  Why do you think Ben Bernanke waited years before he told Pelle that the 2008 was the worst financial crisis in history?  What would have happened to the market if he let them know how he thought at the time?
8. What were the "Green Shoots" ($$) Bernanke describes. Describe the type of recovery under the Fed  during Bernake's term.
9.  Why have the Fed Chairmen hav become more transparent in their actions since the Great Recession?
10.  Why do you think the President is not allowed to replace the Chairman of the Fed whenever he chooses? What do you think would happen in the months before an election, an easy or a tight money policy?  Explain why you feel this way.