Profession: Economist and Chairman of the Federal Reserve
Why Famous: Chairman of the Federal Reserve during the Financial crisis of 2007–08.
As chairman, Bernanke supported the bailout of failing financial institutions in 2008, including the takeover of Bear Stearns by JPMorgan Chase and the $85 billion bailout of A.I.G.
During his tenure the Federal Reserve took unprecedented steps to implement quantitative easing, a process whereby the central bank purchased billions of dollars of mortgage-backed securities and long-term treasuries to stimulate economic growth.
- 1978-05-29 Federal Reserve Chairman Ben Bernanke (24) weds school teacher Anna Friedmann
- 2006-02-01 Economist Ben Bernanke becomes chairman of the US Federal Reserve, succeeding Alan Greenspan
- 2009-12-16 Ben Bernanke, Chair of the US Federal Reserve is named Time's Person of the Year for rescuing the global economy from the Great Recession
- 2014-02-01 Janet Yellen becomes Chair of the US Federal Reserve, succeeding Ben Bernanke