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Bernanke starts new job at Brookings after weekend off

Published on Feb 4, 2014 6:17 AM
 
Outgoing U.S. Federal Reserve Board Chairman Ben Bernanke participates in a discussion at the Brookings Institution in Washington on Jan 16, 2014. Ben Bernanke began his new job at the Brookings Institution on Monday, wasting no time getting back to work just three days after ending his tenure as head of the world's most powerful central bank. -- FILE PHOTO: REUTERS

NEW YORK (REUTERS) - Former Federal Reserve chairman Ben Bernanke began his new job at the Brookings Institution on Monday, wasting no time getting back to work just three days after ending his tenure as head of the world's most powerful central bank.

Mr Bernanke, who led the United States (US) central bank in its aggressive efforts to right the economy after the financial crisis and pull it out of the Great Recession, joined the centrist policy think tank in Washington as a distinguished fellow in residence, Brookings said.

He settled into his office in the morning, a spokesman said, and a new colleague saw him in the cafeteria at lunchtime.

Mr Bernanke, appointed by Republican President George W. Bush as Fed chairman in 2006, gavelled his final policy-setting meeting last week, at which the central bank continued its winding down of the controversial and massive bond-buying programme that was Mr Bernanke's signature strategy to jump-start the tepid recovery.

 
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