Ben S. Bernanke
Donald L. Kohn
, Vice Chairman
Kevin M. Warsh
Elizabeth A. Duke
Ben S. Bernanke
Ben S. Bernanke began a second term as Chairman of the Board of Governors
of the Federal Reserve System on February 1, 2010. Dr. Bernanke also serves as Chairman of the Federal
Open Market Committee, the System's principal monetary policymaking body. He originally took office as
Chairman on February 1, 2006, when he also began a 14-year term as a member of the Board. His second
term as Chairman ends January 31, 2014, and his term as a Board member ends January 31, 2020.
Before his appointment as Chairman, Dr. Bernanke was Chairman of the President's Council of Economic
Advisers, from June 2005 to January 2006.
Dr. Bernanke has already served the Federal Reserve System in several roles. He was a member of the Board
of Governors of the Federal Reserve System from 2002 to 2005; a visiting scholar at the Federal Reserve
Banks of Philadelphia (1987-89), Boston (1989-90), and New York (1990-91, 1994-96); and a member of the
Academic Advisory Panel at the Federal Reserve Bank of New York (1990-2002).
From 1994 to 1996, Dr. Bernanke was the Class of 1926 Professor of Economics and Public Affairs at
Princeton University. He was the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and
Public Affairs and Chair of the Economics Department at the university from 1996 to 2002. Dr. Bernanke had
been a Professor of Economics and Public Affairs at Princeton since 1985.
Before arriving at Princeton, Dr. Bernanke was an Associate Professor of Economics (1983-85) and an
Assistant Professor of Economics (1979-83) at the Graduate School of Business at Stanford University. His
teaching career also included serving as a Visiting Professor of Economics at New York University (1993) and
at the Massachusetts Institute of Technology (1989-90).
Dr. Bernanke has published many articles on a wide variety of economic issues, including monetary policy and
macroeconomics, and he is the author of several scholarly books and two textbooks. He has held a
Guggenheim Fellowship and a Sloan Fellowship, and he is a Fellow of the Econometric Society and of the
American Academy of Arts and Sciences. Dr. Bernanke served as the Director of the Monetary Economics
Program of the National Bureau of Economic Research (NBER) and as a member of the NBER's Business
Cycle Dating Committee. In July 2001, he was appointed Editor of the American Economic Review. Dr.
Bernanke's work with civic and professional groups includes having served two terms as a member of the
Montgomery Township (N.J.) Board of Education.
Dr. Bernanke was born in December 1953 in Augusta, Georgia, and grew up in Dillon, South Carolina. He
received a B.A. in economics in 1975 from Harvard University (summa cum laude) and a Ph.D. in economics in
1979 from the Massachusetts Institute of Technology.