Ben Bernanke

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Definition:
Former Chairman of the Board of Governors of the United States Federal Reserve (Fed) from 2006 to 2014.


The King himself

Ben Bernanke, born Ben Shalom Bernanke in 1953 in Augusta, Georgia (USA) graduated from Harvard University in 1975. He earned a Ph.D. in 1979 from the Massachusetts Institute of Technology. Ben Bernanke taught economics from 1979 to 1985 at Stanford University, and was a professor at Princeton University’s Department of Economics from 1986 to 2005.

During Ben Bernanke’s professorship he has lectured at the London School of Economics about monetary theory and monetary policy. In 1997 he was the director of the National Bureau of Economic Research’s (US) Monetary Economics Program. His main focus of study was in what caused the Great Depression and the causes of deflation.

Ben Bernanke succeeded Alan Greenspan as the Chairman of the Board of Governors of the United States Federal Reserve in 2006. He was heavily criticized for his support and advocacy of the Federal Reserve’s more transparent monetary policies. There are US economists who still do not approve of his appointment because he has never worked in America’s corporate world, making his policies and economic views theoretical and yet untested. However, he still maintains his current position as a macroeconomist at the National Bureau of Economic Research (US) and is the editor for the ‘American Economic Review’, researching and writing about the history of macroeconomics and monetary policies.

He has served two terms as Fed Chairman under the Bush and Obama administrations until Janet Yellen was nominated to take his place in 2014.

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