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Ben Bernanke

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Gender Male
Age 70
Date of birth December 13,1953
Zodiac sign Sagittarius
Born Augusta
Georgia
United States
SpouseAnna Friedmann
Party Republican Party
Job Professor
Economist
Writer
Banker
Education Massachusetts Institute of Technology
Dillon High School
Harvard University
Harvard College
Full nameBen Shalom Bernanke
Awards Guggenheim Fellowship for Social Sciences, US & Canada
Nobel Memorial Prize in Economic Sciences
Parents Philip Bernanke
Edna Bernanke
Previous positionChair of the Federal Reserve of the United States (2006–2014)
Date of Reg.
Date of Upd.
ID402066

The Federal Reserve and the Financial Crisis
Essays on the great depression
Inflation Targeting: Lessons from the International Experience
Principles of Microeconomics
Monetary Policy Alternatives at the Zero Bound: An Empirical Assessment
Firefighting: The Financial Crisis and Its Lessons
Monetary Policy Report to the Congress
Readings and Cases in Macroeconomics
Movies As Illustrations for Introductory Psychology
Macroeconomics: Value Edition
Principles of Microeconomics + Economy 2009 Update
Macroeconomics Plus MyEconLab Plus EBook 1-semester Student Access Kit
Finance and Economics Discussion Series: What Explains the Stock Market's Reaction to Federal Reserve Policy - Scholar's Choice Edition
Sticker for Update Edition Macroeconomics
Student Value Edition for Macroeconomics 2008-2009 Update Edition
Macroeconomics Study Guide
Macro Study Guide
GEN COMBO: LL PRIN MICRO; CNCT+
Macroeconomics Update Edition Plus MyEconLab
Test Bank
Bernanke and Greenspan: A Decade of Speeches from Jackson Hole, Wyoming
Powerpoint Presentation
Student Value Edition for Macroeconomics Plus NEW MyEconLab with Pearson EText Access Code Card (1-Semester Access)
Macroeconomics, Fifth Canadian Edition
Age of Delusion
Macroeconomics, Seventh Canadian Edition,
Companion Test Bank
New Mylab Economics -- Print Offer -- For Macroeconomics
GEN COMBO LLF MACRO PRIN, CON+
Outlines and Highlights for Principles of Microeconomics by Frank
Macroeconomics, Eighth Canadian Edition, Loose Leaf Version
GEN CMBO:PRNC MACRO,CONNECT+
Study Guide for Use with Principles of Microeconomics, Third Edition, Robert H. Frank, Ben S. Bernanke
Outlines and Highlights for Macroeconomics by Abel
Princ Microeconomics
Principles of Microeconomics, Brief Edition + Economy 2009 Updates
Outlines and Highlights for Principles of Economics by Frank
Macroeconomics/ Macroeconomics Update 2008-2009
Principles of Economics
21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19
The Courage to Act
Macroeconomics
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Ben Bernanke Life story


Ben Shalom Bernanke is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve, he was appointed a distinguished fellow at the Brookings Institution.

Ex-US bank head to review Bank of England forecasts

Oct 10,2022 4:40 pm

Ben Bernanke , the former head of the US Central Bank , is to lead a review of The Bank of England's forecasting.

The Appointment comes as The Bank faces criticism for its efforts to control soaring prices and failure to predict their surge.

Inflation in the UK was 7. 9% last month - Far higher than the 6% peak by The Bank .

Bank Governor Andrew Bailey said the review would allow the institution to " step back and reflect".

" The UK economy has faced a series of unprecedented and unpredictable shocks, " He Said announcing Dr Bernanke's role.

" The review will allow us to take a step back and reflect on where our processes need to adapt to a world in which we increasingly face significant uncertainty. "

Dr Bernanke, who steered the US economy through the 2008 financial crisis while at the helm of the Federal Reserve from 2006-2014, said he was " delighted" to have been given The Role .

" Forecasts are an important tool for central banks to assess the economic outlook, " He Said .

" But it is right to review the design and use of forecasts and their role in policymaking, in light of major economic shocks. "

The Bank is due to meet next week to decide whether to raise interest rates for a thirteenth time.

Markets and economists expect The Bank to increase its main rate by a quarter of a percentage point, to 5. 25%, which will be the highest rate since 2008.

The moves are aimed at stabilising prices, which have soared in recent years due to a mix of factors, including The War in Ukraine, which disrupted global oil and food markets.

The pressures have proven Far more persistent than The Bank initially anticipated.

In December 2021, when it started to raise rates, it said it expected inflation to peak at about 6% in April 2022.

The current rate remains higher than 2% rate targeted by The Bank , even after fuel prices fell last month.

In May, Mr Bailey said there were " very big lessons" to learn about how the Central Bank had dealt with the economic shocks of recent times.

He Said The Bank 's internal forecasting failures had led it to look elsewhere for help setting policy.

Dr Bernanke, who was awarded the Nobel memorial prize in economics in 2022, will be assisted by The Bank 's internal review unit.

Their work is due to start this summer but not before The Bank 's next interest rate decision which is due on Wednesday. He is expected to report back next spring.

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Source of news: bbc.com

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