Former Federal Reserve Chairman Ben Bernanke will join the Brookings Institution, a politically centrist policy think tank based in Washington, beginning on Monday.
Bernanke, who stepped down as head of the U.S. 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 program, 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,” 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 Janet Yellen, the former vice chair who was sworn in as chair of the Fed Board on Monday morning.
Brookings, a well-respected think tank that prides itself as having members from both sides of the U.S. political spectrum, said Bernanke will help bring “rigorous analysis to critical questions” at its new Hutchins Center on Fiscal and Monetary Policy, which is named for private equity investor Glenn Hutchins.