Thursday, Apr 2, 2015Thursday, Apr 2, 2015

Former Fed chief Bernanke to join US policy think-tank Brookings Institution

Published on Feb 3, 2014 11:03 PM

NEW YORK (Reuters) - Former Federal Reserve chairman Ben Bernanke will join the Brookings Institution, a politically centrist policy think-tank based in Washington, beginning on Monday.

Mr Bernanke, who stepped down as head of the United States central bank on Friday after an eight-year tenure marked by financial crisis and policy experimentation in the face of the Great Recession, will join as a distinguished fellow in residence at its economic studies programme, Brookings said on Monday.

"Brookings scholars have a well established reputation for contributing innovative ideas and trenchant analysis to economic and other public policy debates," Mr Bernanke said in the Brookings statement. "I welcome the opportunity to engage in that vibrant community through research and writing."

The former Princeton professor was succeeded at the Fed by Ms Janet Yellen, the former vice-chairman who was sworn in as chairman of the Fed Board on Monday morning.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!