Bernanke

Definition

Ben Bernanke served as the Chairman of the Federal Reserve, the central banking system of the United States, from 2006 to 2014. His tenure was marked by his response to the 2007-2008 financial crisis, where he implemented unconventional monetary policies to stabilize the economy.

Related terms

Financial Crisis (2007: 2008) - A global financial meltdown triggered by the collapse of housing bubbles in several countries, leading to massive bailouts and economic downturns worldwide.

Quantitative Easing: An unconventional monetary policy used by central banks to stimulate the national economy when standard monetary policy has become ineffective.

Federal Reserve System: The central bank of the United States, responsible for implementing monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services to governmental institutions