Question: Who was the oldest elected president of the country that owns the banks in charge of American monetary policy?

full_context: Document 1: Monetary policy of the United States: Though the Federal Reserve authorizes and distributes the currency printed by the Treasury (the primary component of the narrow monetary base), the broad money supply is primarily created by commercial banks through the money multiplier mechanism. One textbook summarizes the process as follows:
Document 2: List of presidents of the United States by age: Assassinated three years into his term, John F. Kennedy was the youngest at the time of leaving office (46 years, 177 days); the youngest president to leave office at the conclusion of a normal transition was Theodore Roosevelt (50 years, 128 days). The oldest at the time of leaving office was Ronald Reagan (77 years, 349 days).
Document 3: United States dollar: The value of the U.S. dollar declined significantly during wartime, especially during the American Civil War, World War I, and World War II. The Federal Reserve, which was established in 1913, was designed to furnish an "elastic" currency subject to "substantial changes of quantity over short periods", which differed significantly from previous forms of high-powered money such as gold, national bank notes, and silver coins. Over the very long run, the prior gold standard kept prices stable—for instance, the price level and the value of the U.S. dollar in 1914 was not very different from the price level in the 1880s. The Federal Reserve initially succeeded in maintaining the value of the U.S. dollar and price stability, reversing the inflation caused by the First World War and stabilizing the value of the dollar during the 1920s, before presiding over a 30% deflation in U.S. prices in the 1930s.
Document 4: Federal Reserve Act: The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch. 3) is an Act of Congress that created and established the Federal Reserve System, the central banking system of the United States, and which created the authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson.
Document 5: List of presidents of the United States by age: The median age upon accession to the presidency is roughly 55 years and 6 months, which is about how old Benjamin Harrison was at the time of his inauguration. The youngest person to assume the office was Theodore Roosevelt, who became president following William McKinley's assassination, at the age of 7004156620000000000 ♠ 42 years, 322 days. The youngest person elected president was John F. Kennedy, who was inaugurated into office at the age of 7004159420000000000 ♠ 43 years, 236 days. Assassinated three years into his term, he became the youngest at the time of leaving office (7004169780000000000 ♠ 46 years, 177 days); the youngest person at the time of leaving office after serving a full four - year term was Theodore Roosevelt (7004183900000000000 ♠ 50 years, 128 days). The oldest person at the time of entering office was Donald Trump, at the age of 7004257880000000000 ♠ 70 years, 220 days; Ronald Reagan was the oldest person in office, at the age of 7004284730000000000 ♠ 77 years, 349 days when his presidency ended in January 1989.
Document 6: List of presidents of the United States by age: The median age upon accession to the presidency is 55 years and 3 months. This is how old Lyndon B. Johnson was at the time of his inauguration. The youngest person to assume the office was Theodore Roosevelt, who became president at the age of 42 years, 322 days, following William McKinley's assassination; the oldest was Donald Trump, who was 70 years, 220 days old at his inauguration. The youngest person to be elected president was John F. Kennedy, at 43 years, 163 days of age on election day; the oldest was Ronald Reagan, who was 73 years, 274 days old at the time of his election to a second term.
Document 7: List of presidents of the United States by age: The median age upon accession to the presidency is roughly 55 years and 6 months, which is about how old Benjamin Harrison was at the time of his inauguration. The youngest person to assume the office was Theodore Roosevelt, who became president at the age of 7004156620000000000 ♠ 42 years, 322 days, following William McKinley's assassination. The youngest person elected president was John F. Kennedy, who was inaugurated into office at the age of 7004159420000000000 ♠ 43 years, 236 days. Assassinated three years into his term, he became the youngest at the time of leaving office (7004169780000000000 ♠ 46 years, 177 days); the youngest person at the time of leaving office after serving a full four - year term was Theodore Roosevelt (7004183900000000000 ♠ 50 years, 128 days). The oldest person at the time of entering office was Donald Trump, at the age of 7004257880000000000 ♠ 70 years, 220 days; Ronald Reagan was the oldest person in office, at the age of 7004284730000000000 ♠ 77 years, 349 days when his presidency ended in January 1989.
Document 8: United States dollar: The monetary base consists of coins and Federal Reserve Notes in circulation outside the Federal Reserve Banks and the U.S. Treasury, plus deposits held by depository institutions at Federal Reserve Banks. The adjusted monetary base has increased from approximately 400 billion dollars in 1994, to 800 billion in 2005, and over 3000 billion in 2013. The amount of cash in circulation is increased (or decreased) by the actions of the Federal Reserve System. Eight times a year, the 12-person Federal Open Market Committee meet to determine U.S. monetary policy. Every business day, the Federal Reserve System engages in Open market operations to carry out that monetary policy. If the Federal Reserve desires to increase the money supply, it will buy securities (such as U.S. Treasury Bonds) anonymously from banks in exchange for dollars. Conversely, it will sell securities to the banks in exchange for dollars, to take dollars out of circulation.
Document 9: Federal Reserve: The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
Document 10: Federal Reserve: The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
Document 11: List of presidents of the United States by age: The median age at accession to the presidency is roughly 55 years and 6 months, which is about how old Benjamin Harrison was at the time of his inauguration. The youngest person to assume the office was Theodore Roosevelt, who became president following William McKinley's assassination, at the age of 7004156620000000000 ♠ 42 years, 322 days. The youngest person elected president was John F. Kennedy, who was inaugurated into office at the age of 7004159420000000000 ♠ 43 years, 236 days. Assassinated three years into his term, he became the youngest at the time of leaving office (7004169780000000000 ♠ 46 years, 177 days); the youngest person at the time of leaving office after serving a full four - year term was Theodore Roosevelt (7004183900000000000 ♠ 50 years, 128 days). The oldest person at the time of entering office was Donald Trump, at the age of 7004257880000000000 ♠ 70 years, 220 days; Ronald Reagan was the oldest person in office, at the age of 7004284730000000000 ♠ 77 years, 349 days when his presidency ended in January 1989.
Document 12: Monetary policy of the United States: Monetary policy concerns the actions of a central bank or other regulatory authorities that determine the size and rate of growth of the money supply. For example, in the United States, the Federal Reserve is in charge of monetary policy, and implements it primarily by performing operations that influence short - term interest rates.
Document 13: Federal Reserve Act: The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. § § 221 to 522) is an Act of Congress that created and established the Federal Reserve System (the central banking system of the United States), and which created the authority to issue Federal Reserve Notes (commonly known as the US Dollar) as legal tender. The Act was signed into law by President Woodrow Wilson.
Document 14: Federal Reserve: Although an instrument of the U.S. Government, the Federal Reserve System considers itself ``an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. ''The federal government sets the salaries of the board's seven governors. The federal government receives all the system's annual profits, after a statutory dividend of 6% on member banks' capital investment is paid, and an account surplus is maintained. In 2015, the Federal Reserve made a profit of $100.2 billion and transferred $97.7 billion to the U.S. Treasury.
Document 15: Federal Reserve: The Federal Reserve System is composed of several layers. It is governed by the presidentially appointed Board of Governors or Federal Reserve Board (FRB). Twelve regional Federal Reserve Banks, located in cities throughout the nation, oversee the privately owned U.S. member banks. Nationally chartered commercial banks are required to hold stock in the Federal Reserve Bank of their region, which entitles them to elect some of their board members. The Federal Open Market Committee (FOMC) sets monetary policy; it consists of all seven members of the Board of Governors and the twelve regional bank presidents, though only five bank presidents vote at any given time: the president of the New York Fed and four others who rotate through one - year terms. There are also various advisory councils. Thus, the Federal Reserve System has both public and private components. The structure is considered unique among central banks. It is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used.
ground_truth: Donald Trump
sub_queries: who is in charge of american monetary policy Answer: the Federal Reserve
who are the Federal Reserve banks owned by Answer: United States of America
who was the oldest elected president of United States of America Answer: Donald Trump