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Statement Before the Committee on Banking, Finance and Urban Affairs, U S House of Representatives, September 24, Form
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People also ask
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Who replaced Alan Greenspan?
Who Replaced Alan Greenspan? Ben Bernanke replaced Alan Greenspan as Chair of the Fed when he was appointed in 2006. Bernanke served until 2014. -
How does Bernanke differ from his predecessor Greenspan?
While some worry about the impact the inflation targets will have on the economy, others look forward to Bernanke's position of strictly guiding monetary policy and avoiding giving advice on fiscal policy, opposed to Greenspan who often advocated tax cuts and the privatization of social security. -
What is Bernanke known for?
Ben Bernanke (born December 13, 1953, Augusta, Georgia, U.S.) American economist who served as chairman of the Board of Governors of the Federal Reserve System (“the Fed”), the central bank of the United States, from 2006 to 2014. -
What did Ben Bernanke do during the Great Recession?
After Lehman Brothers failed in September 2008 — greatly worsening the crisis — Bernanke collaborated with New York Fed President Timothy Geithner and Treasury Secretary Henry Paulson to recapitalize and stabilize the banking system, using $700 billion in funds appropriated by Congress in the TARP bill. -
Who is Alan Greenspan and Ben Bernanke?
As Fed chair, Bernanke oversaw the central bank's response to the 2008 financial crisis and the Great Recession. Bernanke succeeded Alan Greenspan and was replaced by Janet Yellen. Bernake introduced several strategies, including quantitative easing, to boost the U.S. economy during the 2008 recession. -
Why did Ben Bernanke get the Nobel Prize?
Among other things, he showed how bank runs were a decisive factor in the crisis becoming so deep and prolonged. This research has been of great importance in regulating financial markets and dealing with financial crises. -
Who preceded Ben Bernanke?
Ben Bernanke Deputy Roger Ferguson Donald Kohn Janet Yellen Preceded by Alan Greenspan Succeeded by Janet Yellen Member of the Federal Reserve Board of Governors38 more rows -
Who was the Fed chair after Greenspan?
Ben Bernanke is a former Federal Reserve chair, serving from 2006 to 2014. As Fed chair, Bernanke oversaw the central bank's response to the 2008 financial crisis and the Great Recession. Bernanke succeeded Alan Greenspan and was replaced by Janet Yellen.
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