Please read the attached articles and watch the video and answer the following questions

Article: https://www.wsj.com/articles/powells-opinions-on-inflation-matter-not-bidens-11654693201#

1. According to the WSJ article, the US suffered from very high inflation rate in the seventies. Who was the chair of the Fed in 1970s, and how did his view contribute to an uncontrollable inflation? What role did politics play?

2. In what aspect are Jerome Powell's views different from his predecessor? What role does the executive branch play in controlling inflation today?

Video: https://youtu.be/p0z_zKWJTao?si=e6mOGuXtBkhDU5Eb

3. According to the video, the Federal Reserve has been making a making profit (billions of dollars!) and returning them to the Treasury since 2011. Starting in 2022, this trend reversed and the Fed has been showing losses. Please explain how the Fed went from being profitable institution to being in red? Does this jeopardize or limit Fed's future operations?