There have been some interesting developments at the Fed over the last handful of years. Choose the two that are representative of these developments. 4% average inflation target replacing specific 2% target. For the first time in years, the Fed was able to hand over a budget surplus to the U.S. Treasury. New guidelines (litmus test) on proposed political appointees to Fed positions. Battling inflation for the first time since a mild appearance during the 2008-2009 Financial Crisis. Maximum employment will no longer be judged on the unemployment rate alone. Steps taken by the Board of Governors to ensure there is political diversity at the Fed