7 Most Powerful People of 2013

6. Ben Bernanke

Chairman, Federal Reserve, United States
Age: 59
Residence: Washington, DC
Country of Citizenship: United States
Education: Doctorate, Massachusetts Institute of Technology; Bachelor of Arts / Science, Harvard University
Marital Status: Married
Children: 2   

Ben Bernanke is an economist and currently the Chairman of the Federal Reserve, the central bank of the United States. On February 1, 2006, President Bush appointed him to be chairman of the United States Federal Reserve. Then on January 28, 2010, Bernanke was confirmed for a second term as chairman, 2010, after being re-nominated by President Barack Obama. Bernanke has been on a buying spree: In a third round of quantitative easing, the Federal Reserve System is now snapping up $40 billion a month of mortgage-backed securities and $45 billion of Treasurys. This has resulted in modest economic recovery and a near-record of $2.9 trillion on the Federal Reserve Bank balance sheet.

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