Ben Bernanke: Person of the Year?

Posted: 19 May 2010

See all articles by Lakshmi Iyer

Lakshmi Iyer

Harvard Business School - Business, Government and the International Economy Unit

Matthew Weinzierl

Harvard Business School - Business, Government and the International Economy Unit

Date Written: February 19, 2010

Abstract

In response to the economic and financial crisis of 2008-2009, the Federal Reserve greatly expanded the scale and scope of its activities. Though lauded by many experts for its actions, the Fed and its chairman, Ben Bernanke, faced harsh criticism from some public commentators and members of Congress. This document summarizes that criticism and Chairman Bernanke's responses to it, highlighting the tension between congressional oversight of the Fed and the Fed's independence from political influence.

Suggested Citation

Iyer, Lakshmi and Weinzierl, Matthew, Ben Bernanke: Person of the Year? (February 19, 2010). HBS Case No. 710-051, Harvard Business School BGIE Unit, Available at SSRN: https://ssrn.com/abstract=1610239

Lakshmi Iyer (Contact Author)

Harvard Business School - Business, Government and the International Economy Unit ( email )

Cambridge, MA
United States

Matthew Weinzierl

Harvard Business School - Business, Government and the International Economy Unit ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

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