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Ben Bernanke
(redirected from 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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[ILLUSTRATION OMITTED] WHEN BEN BERNANKE TOOK charge of the Federal Reserve in 2006, the media made a few passing references that suggested he secretly subscribed to libertarianism.
We wish that Barack Obama had paid attention to that column because by reappointing Ben Bernanke as Fed chairman, he has endorsed one of the two people in Washington who were architects of that Bush weak dollar policy (with Alan Greenspan being the other).
President Barack Obama renominated Ben Bernanke on August 25 to serve a second term as Chairman of the Federal Reserve, saying Bernanke "approached a financial system on the verge of collapse with.
 
 
 
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