Ben Bernanke, the 56-year old chairman of the Federal Reserve, has been chosen as Time Magazine’s Person of the Year 2009. He is credited with saving the economy. The Federal reserve is the central bank of the U.S. It is perhaps the most important and least understood financial force shaping America, and thus, the world economy.
Richard Stengel, managing editor of Time, had the following to say:
The following 4 individuals were runners up: General McCrystal, Nancy Pelosi, Usain Bolt, and the Chinese worker.
People have different feelings about Bernanke. What we all have to agree on is we have no clue what would have happened had another financial road been taken.