1. Ben S. Bernanke

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  1. About Ben S. Bernanke

    Ben S. Bernanke

    Ben S. Bernanke began a second term as Chairman of the Board of Governors of the Federal Reserve System on February 1, 2010. Dr. Bernanke also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. He originally took office as Chairman on February 1, 2006, when he also began a 14-year term as a member of the Board. His second term as Chairman ends January 31, 2014, and his term as a Board member ends January 31, 2020.

    Before his appointment as Chairman, Dr. Bernanke was Chairman of the President's Council of Economic Advisers, from June 2005 to January 2006.

    Dr. Bernanke has already served the Federal Reserve System in several roles. He was a member of the Board of Governors of the Federal Reserve System from 2002 to 2005; a visiting scholar at the Federal Reserve Banks of Philadelphia (1987-89), Boston (1989-90), and New York (1990-91, 1994-96); and a member of the Academic Advisory Panel at the Federal Reserve Bank of New York (1990-2002).

  2. Quotes

    1. I can certainly confirm that as the Reserve bank presidents and governors made their reports today and yesterday around the table, there was considerable discussion of ... fiscal policy uncertainty and the implications of that for hiring and investment decisions.
      In Uncertainty is adding to U.S. jobless rate: Fed paper
    2. It is important to achieve further progress, particularly in the labor market.
      In Fed Chairman Pushes Hard for New Steps to Spur Growth
    3. The costs of nontraditional policies, when considered carefully, appear manageable, implying that we should not rule out further use of such policies if economic conditions warrant.
      In Fed Chairman Pushes Hard for New Steps to Spur Growth
    4. The economic situation obviously is far from satisfactory.
      In Fed Chairman Pushes Hard for New Steps to Spur Growth
    5. The heavy human and economic costs of the crisis underscore the importance of taking all necessary steps to avoid a repeat of the events of the past few years.
      In Bernanke says financial stability a work in progress
    6. Additional steps to increase the resiliency of money market funds are important for the overall stability of our financial system and warrant serious consideration.
      In Bernanke says financial stability a work in progress
    7. If progress in reducing unemployment is too slow, the long-term unemployed will see their skills and labor force attachment atrophy further possibly converting a cyclical problem into a structural one.
      In Unemployment rate: How low can it go?
    8. The improvement in the labor market over the past year--especially the decline in the unemployment rate--has been faster than might have been expected, given that the economy during that time appears to have grown at a relatively modest pace.
      In Bernanke: Job gains present economic 'puzzle'
    9. We cannot yet be sure that the recent pace of improvement in the labor market will be sustained.
      In Bernanke: Job gains present economic 'puzzle'
    10. Unemployment -- especially long-term unemployment -- imposes important economic costs on everyone, not just the unemployed themselves.
      In Bernanke: Job gains present economic 'puzzle'
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