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Published byAleesha Julianna Blankenship Modified over 9 years ago
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Ben Bernanke
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Bernanke was born in December 1953 in Augusta, Georgia He was an Associate Professor of Economics (1983-85) and an Assistant Professor of Economics (1973-83) at the Graduate School of Business at Stanford University He was Chairman of the President’s Council of Economic Advisors, from June 2005 to January 2006 He is married and has two children In July 2001, he was appointed Editor of the American Economic Review 5 Facts
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Influence on modern society is that he is the Federal Reserve Chairman Influence of “current events”
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He is the most important player guiding the world's most important economy. His creative leadership helped ensure that 2009 was a period of weak recovery rather than catastrophic depression, and he still wields unrivaled power over our money, our jobs, our savings and our national future. The decisions he has made, and those he has yet to make, will shape the path of our prosperity, the direction of our politics and our relationship to the world. Explanation of economist’s “claim to fame”
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Federal ReserveChart
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“Our understanding of the best practice in monetary policy evolved during Alan Greenspan’s tenure at the Fed, and it will continue to evolve in the future.” Memorable Quote
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School of economic thought Monetarist Monetarists argue that if the Money Supply rises faster than the rate of growth of national income then there will be inflation
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