Man of the week: Federal Reserve Board chair Ben Bernanke
In 2006, Ben Bernanke inherited an economy that Fed chairs do not dream of. There was an economic slowdown, with job losses, lagging homes sales and increasing foreign debt. With growing fears of inflation, Bernanke cut interest rates again and again. Then there was an epidemic of bad loans. Now, Bernanke and Treasury Secretary Henry Paulson are taking their biggest steps to regulate a problematic economy. What is it about this former Goldman-Sachs CEO that makes him ready to take on the next big challenge, and so powerful? Guest: Sudeep Reddy, Wall Street Journal economics reporter
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. If you’ve been thinking about making a donation, this is the best time to do it. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. All donations between now and June 30 will be matched 2:1. Will you help keep our newsroom on strong footing by giving to The World?