Fed’s Bernanke Reflects

The Federal Reserve chairman, Ben S. Bernanke, seemed so calm during the worst hours of the 2008 financial crisis that Timothy F. Geithner, then the Treasury secretary, once described him as a central banking Buddha.

Mr. Bernanke said on Thursday that he was just concentrating on averting a disaster.  “It’s like a car wreck — you’re mostly involved in trying to avoid going off the bridge,” Mr. Bernanke said. “And then later on you say, ‘Oh my God!’ ”

In perhaps his final public appearance as Fed chairman, Mr. Bernanke spoke on Thursday at the Brookings Institution with Liaquat Ahamed, the author of a history about the role that central banks played in causing the Great Depression of the 1930s.

NY Times

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