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Ben Bernanke

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Ben Bernanke
An economist who became Chairman of the Federal Reserve in 2005. He presided over the 2000s economic crisis, supervising the bailouts and forced mergers of a number of American financial institutions. He was both lauded and criticized for favoring an expansive monetary policy, which proponents claimed kept the American economy from collapsing in the crisis, but which others argued would lead to inflation. He is considered an expert on the Great Depression.


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US Federal Reserve chief Ben Bernanke said Thursday that monetary policy would be tightened when the recession-hit country's economic outlook has "improved sufficiently.
Obviously believing that some big financial institutions are too big to be allowed to fail, Fed Chairman Ben Bernanke cooperated in the use of taxpayer-financed bailouts, even claiming to have spent nights sleeping on the sofa in his office as he struggled with the situation.
Summary: In a historic town-hall style meeting to be aired on PBS, Chairman Ben Bernanke of the Federal Reserve, laid out his case to maintain the Fed's independence.
 
 
 
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