1953.12.13.–
Federal Reserve chairman who cut rates to near zero and led quantitative easing in the 2008 financial crisis
An economist who studied the Great Depression, Bernanke chaired the economics department at Princeton University. After serving as a Federal Reserve governor in 2002–05 and as chairman of President Bush's Council of Economic Advisers, he succeeded Alan Greenspan as Chairman of the Federal Reserve in February 2006. In the 2008 financial crisis he led the Fed's support for Bear Stearns and AIG, the cut of the policy rate to 0–0.25 percent and its large-scale asset purchases, and was named Time Person of the Year for 2009. He served two terms until 2014 and shared the 2022 Nobel Memorial Prize in Economic Sciences for research on banks and financial crises.
Also known as: Ben Shalom Bernanke
Activities and affiliations
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2005–2006
United States state institutionsChairman of the Council of Economic Advisers
Government and administration -
2006–2014
United States state institutionsChairman of the Federal ReserveMain
Economy, finance and planning
Career Timeline
- 1996–2002.09Chair of the Department of Economics, Princeton University
- 2002.08.05–2005.06.21Member of the Board of Governors of the Federal Reserve
- 2006.02.01–2014.01.31Chairman of the Federal Reserve
- 2022Nobel Memorial Prize in Economic Sciences