Financier Ben Shalom Bernanke
Ben Shalom Bernanke is one of the most prominent personalities of our time. Ben Shalom Bernanke served two terms as head of the US Federal Reserve and exerted a global influence on the world economy.
Ben has a tremendous scientific track record, and in the field of economics he is one of the best experts in the world.
For his activities at the post of the Fed, he received the nickname “Helicopter Ben”, since he repeatedly compared inflation to a helicopter from which simply huge amounts of money are thrown out.
Bernanke's biography is an excellent example of how determination and perseverance can influence the future career of every person, because he himself, step by step, working hard, came to his goal.
Ben Shalom Bernark has Jewish roots, but was born in the town of Augusta, Georgia back in 1953.
Ben grew up in a full-fledged family with average income, namely, his father earned good money as a pharmacist, and his mother worked as a teacher.
Ben did not grow up alone, but he has a younger brother and sister. Since childhood, Ben Shalom Bernanke has shown various talents. Believe it or not, Ben was very good at math at a very young age, and when the kids were still dreaming of going to school, he was very good at statistics, and he learned it in an interesting way by researching baseball games.
At the age of 11, he won a spelling bee in his state. Being the most active student, Ben ran a newspaper at school, and also improved his knowledge of higher mathematics, which is taught only in universities. His advanced study of mathematics resulted in the highest score of 1590 out of 1600 in the state.
He was also very skilled at playing the saxophone, which is why he was called the best saxophonist in the state.
After graduating from school, Ben Shalom Bernanke entered Harvard. However, the story of his arrival is very surprising. His parents, being ardent Jews, were against Ben going to Harvard, because they believed that he would become too carried away by student life and would lose touch with Judaism.
In order to persuade the parents to let their son go, Harvard teacher Kenneth Manning came to them and had a long conversation with them, after which Ben was allowed to study.
Ben was a very good student, so in 1975 he received a bachelor's degree with honors. Having received a bachelor's degree, Bernanke changes his worldview and enters the English language department and closely studies it.
By the way, many colleagues at the Fed note that Bernanke had excellent command of speech and language, so he could always competently formulate the goals and tasks of the Fed for the future on his own without the help of specialists. In 1979, Bernanke received a doctorate in economics from the University of Massachusetts.
Career ladder
After Bernanke received his doctorate in economics, he was invited to become a teacher at Stanford University, where he successfully lectured from 1979 to 1985. Then Ben changed his place of work and, starting in 1985, began teaching at the University of Pristan until 2002, where he actually became the dean of the faculty.
As he developed in the scientific field, where he wrote a lot of useful works in the field of economics and monetary policy, Ben began to receive recognition in the scientific and expert community. In 2002, he was offered the position of a member of the Fed, where he, in turn, began to work very closely with the then head of Greenspan.
Alan Greenspan was an eminent economist, so Ben looked to him as a mentor and obeyed and learned from him in everything.
Between 2005 and 2006, Bernanke became chairman of the White House Economic Council, and in 2006, George W. Bush himself offered the role of chairman of the Fed. By the way, almost the entire Senate voted for Ben Shalom Bernanke, with the exception of one person.
After Bush's presidency, Obama became the new president, who proposed that Bernanke remain for a second term, after which in 2010 the Senate back approved the appointment of a new president by a majority vote.
At the end of 2014, Bernanke's powers as head of the Fed ended, and he decided to resign from office and refuses to serve a third term. In 2015, he became a financial advisor to such investment giants as Citadel and Pimco, where he continues to work to this day.