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Ben Bernanke named Time Magazine's 2009 "Person of the Year"

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Time Magazine names Federal Reserve Board Chairman Ben Bernanke its 2009 "Person of the Year."


Bernanke is the 56-year-old chairman of the Federal Reserve, the central bank of the U.S., the most important and least understood force shaping the American -- and global -- economy. Those green bills featuring dead Presidents are labeled federal reserve note for a reason: the Fed controls the money supply. It is an independent government agency that conducts monetary policy, which means it sets short-term interest rates -- which means it has immense influence over inflation, unemployment, the strength of the dollar and the strength of your wallet. And ever since global credit markets began imploding, its mild-mannered chairman has dramatically expanded those powers and reinvented the Fed.

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Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

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About this Entry

This page contains a single entry by Lynn Sweet published on December 16, 2009 7:40 AM.

President Obama official schedule and guidance, Dec. 16, 2009. Peace Corps, NASA, Hanukkah party. Bring on the latkes was the previous entry in this blog.

What Obama finds sexy is the next entry in this blog.

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