Ben Bernanke Salary
How much does Ben Bernanke make as Chairman of the Federal Reserve? $180,000
Ben Bernanke is an American economist who has a net worth of $2 million. Ben Bernanke has earned his net worth from his current position as Chairman of the Federal Reserve, the central bank of the United States. As Chairman, Bernanke has overseen the response of the Federal Reserve to late-2000's financial crisis. Bernanke was born in North Augusta, North Augusta, South Carolina in 1953. His mother Edna was an elementary schoolteacher, and his father Philip was a pharmacist and part-time theater manager. Bernanke Ben is the eldest of three children, his brother Seth is and lawyer in charlotte, North Carolina, Sharon his sister is a longtime administrator at Berklee College of Music in Boston. The Bernanke's were one of the few Jewish families in the area, living in a ranch-style house in Dillon, South Carolina, on East Jefferson Street. Bernanke was once a professor at Princeton University, and he was also the chairman of the Department of Economic there from 1996 to 2002. He instituted the Bernanke Doctrine during his tenure as a member of the board of Governors of the Federal Reserve System during 2002 to 2005, and he was a spokesman at the Great Moderation where he postulated that we are in a new era, where modern macroeconomic policy has decreased the volatility of the business cycle.
He first served as Chairman of the Council of Economic Advisers for President George W. Bush. He was later appointed by President Bush him as Chairman of the United States Federal Reserve. He was confirmed to a second term as Chairman on January 28, 2010, after being nominated by President Barack Obama. Bernanke graduated with a Bachelor of Arts in economics summa cum laude in 1975 from Harvard University. At the Massachusetts Institute of Technology he received his Doctor of Philosophy in economics, in 1979. His thesis was named Long-Term Commitments, Dynamic Optimization, and the Business Cycle; his thesis adviser was Stanley Fischer. Some of his well-known readers included Irwin S. Bernstein, Rudiger Dornbusch, and Robert Solow of MIT. He met schoolteacher Anna Friedmann who later became his wife on a blind date. The Bernankes have two children. Some Bernanke's teaching credits include the Stanford Graduate School of Business from 1979 until 1985, visiting professor at New York University, as well as a tenured professor at Princeton University in the Department of Economics; He also chaired that department from 1996 until September 2002, when he went on public service leave. He resigned his position at Princeton July 1, 2005.