Page last updated at 14:18 GMT, Wednesday, 16 December 2009

Bernanke is Time Magazine's Person of the Year

Ben Bernanke, Time Magazine's person of the year, 2009
Ben Bernanke was praised for his handling of the recession

Ben Bernanke, the chairman of the US Federal Reserve board, has been named Time Magazine's Person of the Year.

The magazine said the recession itself was the story of the year and without Mr Bernanke at the helm it would have been a lot worse.

Mr Bernanke, who is 56, is a former Princeton University professor and an expert on the Great Depression.

US President Barack Obama and the Apple chief executive Steve Jobs were also in the running for the award.

President Obama was last year's winner.

"We've rarely had such a perfect revision of the cliche that those who do not learn from history are doomed to repeat it," said Richard Stengel, Time Magazine's managing editor.

"Bernanke didn't just learn from history; he wrote it himself and was damned if he was going to repeat it."



Print Sponsor


SEE ALSO
Recession is 'over' says Bernanke
15 Sep 09 |  Business
Bernanke defends his Fed record
04 Dec 09 |  Business
Bernanke looks to further four years
03 Dec 09 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC iD

Sign in

BBC navigation

Copyright © 2019 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific