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
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.
Well, the U.S., of course, is the world's largest economy. It's about a quarter of the world's output. It's also home to many of the largest financial institutions and financial markets.
The credibility has begun to inure in the institution. Keeping inflation low and stable is an important precondition for a healthy and sustained economic growth.
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.