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Ben Bernanke
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First Name
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Full Name at Birth
Ben Shalom Bernanke
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Claim to Fame
United States Federal Reserve
Biography
Ben Shalom Bernanke was born December 13, 1953. He is the Chairman of the Board of Governors of the United States Federal Reserve. Bernanke succeeded Alan Greenspan on February 1, 2006. He was ranked the 4th most powerful person in the world in an annual ranking by Newsweek in 2008. Born in Augusta, Georgia, Bernanke was raised in a ranch house on East Jefferson Street in Dillon, South Carolina. His father Philip was a pharmacist and part-time theater manager, and his mother Edna was originally a schoolteacher. He is the eldest of three children, having a brother and sister. His younger brother, Seth, is a lawyer in Charlotte, North Carolina, and his younger sister, Sharon, is a longtime administrator at Berklee College of Music in Boston.
Bernanke’s future as Federal Reserve chairman became uncertain on November 21, 2008, when it was announced that President-elect Barack Obama would name Tim Geithner as Treasury Secretary over Larry Summers, leading to speculation that Obama was positioning Summers as Bernanke`s successor. Summers was picked to run the National Economic Council. Two Obama advisers said that Summers would be the leading candidate to become the next Federal Reserve chairman should President Obama choose not to reappoint Bernanke when his term ends January 31, 2010.
Bernanke’s future as Federal Reserve chairman became uncertain on November 21, 2008, when it was announced that President-elect Barack Obama would name Tim Geithner as Treasury Secretary over Larry Summers, leading to speculation that Obama was positioning Summers as Bernanke`s successor. Summers was picked to run the National Economic Council. Two Obama advisers said that Summers would be the leading candidate to become the next Federal Reserve chairman should President Obama choose not to reappoint Bernanke when his term ends January 31, 2010.
