Ben Bernanke
Ben Bernanke
Ben Shalom Bernankeis an American economist at the Brookings Institution who served two terms as chairman of the Federal Reserve, the central bank of the United States, from 2006 to 2014. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis. Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the department of economics there from 1996 to September 2002, when he went on public service leave...
NationalityAmerican
ProfessionPolitician
Date of Birth13 December 1953
CityAugusta, GA
CountryUnited States of America
I am very proud of my nerd-dom.
Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand
In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
It's the price of success: people start to think you're omnipotent.
It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
The American people are among the most productive in the world. We have the best technologies. We have great universities. We have entrepreneurs.
The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
Speaking as somebody who has been happily married for 35 years, I can't imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.
It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
The Fed is totally open.
I generally leave the details of fiscal programs to the Administration and Congress. That's really their area of authority and responsibility, and I don't think it's appropriate for me to second guess.
It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions
Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.