Ben Bernanke has joined the 100-year-old Brookings Institution as a distinguished fellow in Residence at the Washington-based think tank’s Hutchins Center on Fiscal and Monetary Policy. The announcement Monday from Strobe Talbott, Brookings’ president, came on the same day that Bernanke’s successor as Federal Reserve chief, Janet Yellen, was sworn in at the Federal Reserve building in Washington.
David Wessel, the former Wall Street Journal editor who runs the recently established Hutchins Center, said in a note that the scholars at Brookings are “looking forward to helping Mr. Bernanke with the book he plans to write, and to getting his advice as we work to improve public understanding of fiscal and monetary policy and improve the quality and effectiveness of those policies.”
Bernanke became chairman of the Fed in 2006 following his nomination by President George W. Bush; President Barack Obama nominated him to a second term in 2010. Bernanke previously was a professor of economics at Princeton University and chairman of the economics department at Princeton.