Macroeconomist, academic, author, professor and advisor Dr. Ben Bernanke
is one of the United State's most respected financial and business professionals.
His expertise on economic policy and macroeconomic history is sought across the
country, and he has held some of the most highly influential financially-related
positions in the nation. Now, Dr. Bernanke (who is held in high regard both in
Congress and on Wall Street) is set to be confirmed in January 2006 as the "safe
bet" replacement for long-time Chairman of the Federal Reserve and sweetheart
of United States economics, Alan Greenspan. In the meantime, financial analysts
and critics alike wonder about Bernanke's policies, which are primarily targeted
toward battling deflation and attacking international capital flow, and how they'll
reflect or reject the renowned policies that Greenspan has achieved and tackled
throughout the years.
Ben Bernanke, Ph.D. was born on December 13, 1953 in Augusta, Georgia. He went
on to receive a Bachelors of Arts in economics in 1975 from Harvard University
(summa cum laude) and a doctorate in economics in 1979 from M.I.T. (Massachusetts
Institute of Technology). In 1985, Dr. Bernanke began serving as a Professor
of Economics and Public Affairs at Princeton University, a position which helped
him advance, from 1996 to 2002, into the acclaimed Princeton University position
of Chairman of the Department of Economics Department. He is also the founding
director of Princeton's Bendheim Center for Finance.
Dr. Bernanke is a respected, published author of many articles, books and texts
on finance and economics and he has been honored with several fellowships and
awards, including the renowned Guggenheim Fellowship, the Sloan Fellowship and
the Econometric Society Fellowship. He has served as a member of the National
Bureau of Economic Research's Business Cycle Dating Committee, and he
has also worked for two terms as a member of New Jersey's Montgomery Township
Board of Education.
In June of 2005, Dr. Bernanke was sworn in as the Chairman of the President's
Council of Economic Advisers. Then, four months later on October 24, 2005, United
States President George W. Bush appointed Dr. Bernanke as the Chairman of the
Federal Reserve, as a replacement to 18-year Chairman Alan Greenspan.
Bernanke, known for his tough-minded, realistic approach to national economic
policies, is set to enter office once Greenspan's term expires and he turns
to retirement at the end of January 2006.
Prior to joining the White House staff, Dr. Bernanke was a member of the Board
of Governors of the Federal Reserve System. In addition to his work at the White
House and with Princeton University, Dr. Bernanke also served as the Director
of the Monetary Economics Program of the National Bureau of Economics Research
and as the Editor of the American Economic Review.
In 1978 Dr. Bernanke married Anna Bernanke (B.A. from Wellesley College, M.A.
from Stanford University), who now works as a Spanish teacher at the National
Cathedral School. Together they have two children, Alyssa (born in 1986) and
Joel (born in 1982).
Answer Submitted on Mon, Dec 19 2005
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