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I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.
Ben Bernanke
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Ben Bernanke
Age: 70
Born: 1953
Born: December 13
Banker
Economist
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Augusta
Georgia
Ben Shalom Bernanke
Benjamin Shalom Bernanke
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If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.
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The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
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It's the price of success: people start to think you're omnipotent.
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