Bernanke To Join Washington DC Think Tank

Former Federal Reserve Chairman Ben Bernanke will join the Brookings Institution, a politically centrist policy think tank based in Washington, beginning on Monday.

Bernanke, who stepped down as head of the U.S. central bank on Friday after an eight-year tenure marked by financial crisis and policy experimentation in the face of the Great Recession, will join as a distinguished fellow in residence at its economic studies program, Brookings said on Monday.

“Brookings scholars have a well established reputation for contributing innovative ideas and trenchant analysis to economic and other public policy debates,” Bernanke said in the Brookings statement. “I welcome the opportunity to engage in that vibrant community through research and writing.”

The former Princeton professor was succeeded at the Fed by Janet Yellen, the former vice chair who was sworn in as chair of the Fed Board on Monday morning.
Brookings, a well-respected think tank that prides itself as having members from both sides of the U.S. political spectrum, said Bernanke will help bring “rigorous analysis to critical questions” at its new Hutchins Center on Fiscal and Monetary Policy, which is named for private equity investor Glenn Hutchins.

via CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.