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
As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.
Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.
Banks will have to win the confidence of their customers through fair dealing, making good loans, and remaining financially healthy.
Central bankers got it right in the United States in 1987 when they avoided deflationary pressures as well as serious trouble in the banking system.
Certainly, 9 percent unemployment and very slow growth is not a good situation.
Community development has a long history of innovation and learning from experience.
Deflation is defined as a general decline in prices, with emphasis on the word 'general.'
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.
Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.
I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.
I would argue that no financial instrument counted as regulatory capital should be allowed to receive any protection from losses.
In a slow-growing world that is short on aggregate demand, Germany's trade surplus is a problem.
In the past, Federal Reserve chairmen have not generally gone directly to the public.