Wednesday, December 16, 2009

Time magazine Person of year 2009.....Bernanke

Time declared their man of the year 2009.
Federal Reserve Chairman Ben Bernanke, who worked to steer the U.S. economy through its darkest days since the Great Depression of 1929, was named Time magazine's Person of the Year 2009 on Wednesday.
"The recession was the story of the year. Without Ben Bernanke ... it would have been a lot worse," Time managing editor Richard Stengel said in a statement.
Bernanke, 56, a former Princeton University professor, is the student of the Great Depression of 1930,and their eye witnessed experience has helped him to frame the strategy to fight the recession and so the result is here the recession came as a shock and it is almost on the verge of an end as per US GDP data.This recession handled well by the fed chief and he deserve the credit.

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