Praising his "temperament, his courage, and his creativity,"President Obama today announced he is reappointing Ben S. Bernankeas chairman of the Federal Reserve Board.

Bernanke, whose term expires in January and was appointed byPresident Bush, led the government's efforts to deal with arecession that many economists said was the worst downturn sincethe Great Depression. Although he is a Republican, he has taken amore activist role than some had expected, including rescuing theinsurance giant AIG and helping devise a program to have thegovernment buy assets of troubled financial institutions.

Bernanke is a former professor of economics at PrincetonUniversity whose scholarly expertise is the Great Depression.Before being named Fed chairman, he was a member of the Fed Boardand was chairman of the Council of Economic

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.