When was ben bernanke reappointed

Trial Try full digital access and see why over 1 million readers subscribe to the FT. For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news. Digital Be informed with the essential news and opinion. Delivery to your home or office Monday to Saturday FT Weekend paper — a stimulating blend of news and lifestyle features ePaper access — the digital replica of the printed newspaper.

Team or Enterprise Premium FT. Pay based on use. Does my organisation subscribe? Group Subscription. Premium Digital access, plus: Convenient access for groups of users Integration with third party platforms and CRM systems Usage based pricing and volume discounts for multiple users Subscription management tools and usage reporting SAML-based single sign-on SSO Dedicated account and customer success teams.

Bernanke has been seen as a key player in stabilising markets and keeping the recession from turning into a depression. AFP - President Barack Obama will announce Tuesday he is reappointing Ben Bernanke to a second term as Federal Reserve chairman, following their months of joint combat against the financial crisis.

A White House official said on condition of anonymity that Obama would break his vacation on well-heeled Martha's Vineyard off the US east coast to award Bernanke a second four-year term beginning in January. Obama will deliver the statement in the resort town of Oak Bluffs at 9 am GMT before US markets open, the official said, on condition of anonymity.

Bush in to replace retiring former Fed chairman Alan Greenspan, who served for 18 years and presided over a golden era of economic prosperity. At the tail end of Bush's second term, and the beginning of Obama's presidency, Bernanke has been a key player in stabilizing markets and prescribing the antidote to the worst crisis since the s Great Depression.

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.

Throughout his career, Bernanke has published many articles on a wide variety of economic issues, including monetary policy and macroeconomics, and he is the author of several scholarly books and two textbooks. In July , he was appointed editor of the American Economic Review. See disclaimer. Alan Greenspan Chairman. Janet L. Yellen Chair.