Though some may not agree with the central bank’s economic policies, there is no denying that Federal Reserve Chairman Ben Bernanke’s tenure will be one for the history books. The Georgia-born economist was first appointed as Chairman on February 1, 2006, during a time when the U.S. outlook was quite optimistic. The economic landscape, however, quickly changed during Bernanke’s tenure as the financial crisis began to unfold [see The Fed Effect: How Monetary Policy Impacts Your ETFs]. Considering his expertise in the history of the Great Depression, it was not surprising to see Bernanke quickly steer the central bank towards a highly accommodating policy. Over the years, the Fed rolled out several massive stimulus programs, known as “quantitative easing,” to help the U.S. gain economic traction. But as Bernanke himself had stated, the size and scope of the Great Recession was greatly underestimated, and therefore required the central bank to take [...] Click here to read the original article on ETFdb.com. Related Posts: Head-To-Head: Healthcare Industry Standouts Obama Victory Puts Healthcare ETFs In Focus ETF Insider: Expect More Volatility Ten Best ETF Performers Over The Last Five Years (Including A Few Surprises) Will Obamacare Put Healthcare ETFs On Life Support?
Though some may not agree with the central bank’s economic policies, there is no denying that Federal Reserve Chairman Ben Bernanke’s tenure will be one for the history books. The Georgia-born economist was first appointed as Chairman on February 1, 2006, during a time when the U.S. outlook was quite optimistic. The economic landscape, however, quickly changed during Bernanke’s tenure as the financial crisis began to unfold [see The Fed Effect: How Monetary Policy Impacts Your ETFs]. Considering his expertise in the history of the Great Depression, it was not surprising to see Bernanke quickly steer the central bank towards a highly accommodating policy. Over the years, the Fed rolled out several massive stimulus programs, known as “quantitative easing,” to help the U.S. gain economic traction. But as Bernanke himself had stated, the size and scope of the Great Recession was greatly underestimated, and therefore required the central bank to take [...]
Click here to read the original article on ETFdb.com.
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