When Ben S. Bernanke sworn as Chairman of the Board of Governors of the Federal Reserve System ?
Wed., Feb. 1, 2006 WASHINGTON – Ben Bernanke was sworn in Wednesday to be the 14th chairman of the Federal Reserve, completing an historic changing of the guard at the central bank. Bernanke’s first major piece of business is likely to decide what to do next with interest rates. Many economists are betting that the Fed, which increased rates for a 14th consecutive time on Tuesday, will raise rates one last time at the next meeting on March 28 — Bernanke’s first as Fed chief. Then, the Fed probably will stand pat for perhaps the rest of the year. Sources: http://www.msnbc.msn.
Ben S. Bernanke was sworn in on February 1, 2006, as Chairman and a member of the Board of Governors of the Federal Reserve System. Dr. Bernanke also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body. He was appointed as a member of the Board to a full 14-year term, which expires January 31, 2020, and to a four-year term as Chairman, which expires January 31, 2010. Sources: http://economics.about.com/od/fedinterestratechanges/a/bernanke.