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“... pleas to bring back the public option. In his book he wistfully recalls the late 1990s when Ben Bernanke, his former colleague at Princeton, called for Keynesian measures to alleviate Japan’s slump. Now Bernanke calls Krugman’s advocacy of increased inflation ‘reckless’. In 2008 Time put him on a list of ...”

“... they’re up to. This effort has been a guiding principle of the careers of both Mervyn King and Ben Bernanke, who was chair of the Federal Reserve between 2006 and 2014. The watchword of central banking since the early 2000s has been ‘transparency’, with ‘inflation-targeting’ the mechanism chosen to achieve it. Once a central bank has made ...”

“... delicate political and intellectual balancing act that he, along with figures like Janet Yellen, Ben Bernanke and Larry Summers, had to perform as they were building the New Keynesian economics. To generate their ‘Keynesian’ analysis of macroeconomic dysfunction their method was to introduce market imperfections into their models. But this opens the ...”

“... help. The response of Hank Paulson, Treasury secretary, backed by the head of the Federal Reserve, Ben Bernanke, and the head of the New York branch of the Fed, Tim Geithner, was to summon a group of bank heads and tell them to put a deal together that would rescue Lehman. This was something that has been done a good few times over the years: a meeting of ...”

“... popping up, some of them seriously overestimating Upham’s importance by listing him alongside Ben Bernanke or Alvin Roth. Wood tracked down Venture Cap’s head office: the address was for a back entrance next to an Indian restaurant in Manhattan. He had found his way into the world of reputation management firms. There are hundreds of these groups ...”

“... even in the 1930s, had such a large and interconnected system come so close to total implosion.’ Ben Bernanke, chairman of the Fed at the time, calls the GFC the worst financial crisis in global history. The reason the GFC was more globally co-ordinated than the Depression is that it was caused by interconnected global banks. Tooze notes that every one ...”

“... do this​ , we may not have an economy on Monday,’ the chairman of the US Federal Reserve, Ben Bernanke, said on 18 September 2008 when he demanded action from Congress to assist the banking system. Ten years later we do still have an economy. But it is worth asking whether the panic back then foreclosed other ways forward. In that terrible autumn ...”

“... and rescued the American economy.The chairman during the crisis, Blinder’s Princeton colleague Ben Bernanke, is one of the book’s heroes. Another is Jerome ‘Jay’ Powell, who was appointed Fed chair by Trump – the only thing Trump did that Blinder thinks was a good idea. Powell, he writes, ‘had greatness thrust upon him’, leading the ...”

“... he was busy negotiating his very own private finance initiative with the investment firm Pimco (Ben Bernanke and the former ECB president Jean-Claude Trichet are also joining its ‘global advisory board’). Simultaneously, his ennobled former chancellor, Lord Darling, was on his way to work for Morgan Stanley in Wall Street. Blair, an adviser to ...”

“... of the financial system followed. ‘Chaotic unwinding’ – good phrase. It was coined by Ben Bernanke, chairman of the US Federal Reserve, and formerly an academic whose special subject of study, usefully, was the Great Depression. Fannie Mae and Freddie Mac, on the other hand, were more directly done in by bad loans. These odd institutions ...”

“... administration. The financial crisis-fighting of Hank Paulson as Bush’s Treasury secretary and Ben Bernanke at the Fed relied on the Democrats for congressional support. Elite leadership of the Republican Party collapsed. John McCain chose the shockingly unqualified Sarah Palin as a running mate in the 2008 election because she was hugely popular with ...”

“... Krugman, discussing Roubini’s book in the New York Review of Books, agreed with him that what Ben Bernanke called the ‘global savings glut’ lay at the heart of the crisis, behind the proximate follies of deregulation, mortgage-securitisation, excessive leverage and so on. Originating in the current account surpluses of net-exporting countries ...”

“... the Fed’s concern. Subsequent assurances by Chairman Greenspan and the Fed Governor, Ben Bernanke, that deflation was only a remote possibility – and could in any case easily be countered by the Fed’s printing money – naturally had an effect opposite to that intended. After more than a decade in which the balanced budget had assumed ...”