229. Ben Bernanke Gives Himself a Grade

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🗓️ 3 December 2015

⏱️ 47 minutes

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Summary

He was handed the keys to the global economy just as it started heading off a cliff. Fortunately, he'd seen this movie before.

Transcript

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0:00.0	Raise your right hand and repeat after me.
0:03.8	I've been S for 90.
0:05.9	I've been S for 90.
0:07.8	Do solemnly swear.
0:09.2	Do solemnly swear.
0:10.3	On February 1, 2006, the economist Ben Bernanke became the 14th Chairman of the Board of Governors
0:17.2	of the Federal Reserve System, a job better known as Fed Chairman.
0:22.0	Until just four years earlier, he'd been a long time creature of academia, primarily at Princeton.
0:29.1	But in 2002, he took a job as one of seven Fed governors under Chairman Alan Greenspan.
0:36.0	He later spent several months as the head of the Council of Economic Advisers in George
0:40.4	Bush's White House.
0:42.1	It was President Bush who first named Bernanke the Fed Chairman.
0:46.1	It's good to be with Anna, Ben's wife, Alyssa and Joel, his sister Sharon and the other
0:54.9	members of the Bernanke family.
0:56.5	Welcome.
0:57.5	You're in here.
0:59.4	You probably didn't think your brother was going to amount to much.
1:05.4	So I didn't come from Texas.
1:07.7	I wasn't part of President Bush's original team.
1:10.6	I wasn't involved in his elections.
1:13.2	He basically got interested in me based on my professional qualifications, my academic
1:18.8	reputation and the like.
	...

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