Ben Bernanke Quotes
In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
Bernanke, Ben S. "Statement before the Senate Banking, Housing, and Urban Affairs Committee." U.S. Senate, 23 May 2006.
The George W. Bush administration was a very ideological one as opposed to pragmatic. They would not tolerate public officials who would say anything that might undermine an administrative ideological position. In particular, they did not want government scientists releasing any data or information that was not totally consistent with their ideology and program. They introduced a new policy within the government whereby no one could talk to a reporter or make a public speech or deliver a professional paper without first getting approval of administration “public affairs” agents first. Government scientists and other officials had never before been censored like this. Important scientific studies were not made public where they might not support the administration ideological positions. See {614691}.
He was summarily dismissed by the George W. Bush administration as a result of his reports showing security weaknesses that were the responsibility of the department.
Ben Shalom Bernanke is an American economist at the Brookings Institution who served two terms as the 14th Chair of the Federal Reserve, from 2006 to 2014. During his tenure as chair, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis, for which he was named the 2009 Time Person of the Year. Before becoming Federal Reserve chair, Bernanke was a tenured professor at Princeton University and chaired the department of economics there from 1996 to September 2002, when he went on public service leave.
