Monday, April 28, 2008

Ben Bernanke

The Fed's upcoming policy-setting meeting this week has left investors a little shaky. It has been widely anticipated that the Fed is going lower interest rates an additional quarter point to 2%, but inflation concerns may keep the interest rate flat. The acquisition news released today regarding Mars Inc's purchase of Wm. Wrigley Jr. Co. for a reported $23 billion dollars has done little to excite the market. So once again the fate of the market lies in the hands of Ben Bernanke. Here are a few facts about our friend Big Ben:

- Born in Agusta Georgia in 1953
- Taught himself calculus
- Received a 1590 out of 1600 on his SAT
- Received an undergraduate degree from Harvard with a BA in economics in 1975
- Received a PhD from MIT in 1979
- Taught at Stanford Graduate School of Business, New York University, and Princeton University
- Joined the Board of Governors of the Federal Reserve System in 2002
- Appointed Chairman of the Federal Reserve on Febuary 1, 2006, by President Bush

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