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Ben Bernanke earns at least $317k for first speech since leaving Fed

Published on Mar 5, 2014 1:53 PM
Former Federal Reserve Chairman Ben Bernanke (left) talks during Global Financial Markets Forum in Abu Dhabi on March 4, 2014. -- PHOTO: REUTERS

NEW YORK/ABU DHABI (Reuters) - Mr Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the United States Federal Reserve.

Mr Bernanke was paid at least S$250,000 (S$317,130) for his first public speaking engagement, in Abu Dhabi, since stepping down in January, according to sources familiar with the matter. That compares with his 2013 paycheck of US$199,700, and the appearance was only the first of three around the world this week.

Mr Bernanke's public post-Fed debut was a departure from the private audiences that his predecessor Alan Greenspan addressed shortly after he handed over the central bank's reins in 2006.

In his remarks, Mr Bernanke recounted the Fed's response to the 2007-2009 financial crisis, an issue he is exploring for a book he plans to shop around to publishers.

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