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).