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
High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.
When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve... mustered the moral courage to do what was necessary.
The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.
The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.
All the Federal Reserve can do is make loans against collateral.
As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.
Banks will have to win the confidence of their customers through fair dealing, making good loans, and remaining financially healthy.
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
For many of us, owning a home signaled a passage into adulthood that coincided with the start of a career and family.
I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.
In the past, Federal Reserve chairmen have not generally gone directly to the public.
The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes.