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Posted on Mon, Dec 10, 2012 : 8:51 a.m.

Fed Chairman Ben Bernanke to speak at University of Michigan in January

By Kellie Woodhouse

United States Federal Reserve Chairman Ben Bernanke is set to speak at the University of Michigan on Jan. 14, 2013.

BenBernanke.jpg

Ben Bernanke is scheduled to speak at the University of Michigan in January.

AP Photo

Bernanke, appointed to the top Fed spot in 2006, is serving his second term as chairman.

His talk is scheduled for 4 p.m. until 5:30 p.m. January 14 at Rackham Auditorium. It's part of an ongoing "Policy Talks @ the Ford School" lecture series, which recently hosted Twitter chief executive Dick Costolo, a U-M alumnus.

Bernanke, an Atlanta native, is in the midst of a 14-year term on the Fed's Board of Governors. The central banker also chairs the Federal Open Market Committee, the Fed's monetary policymaking body. In 2005 and 2006, he served on the President's Council of Economic Advisers.

His steered the country's central bank during economic downturn of the late 2000s and has served under both Democrat and Republican presidents.

In addition to other roles at the federal reserve, Bernanke was a professor of economics and public affairs at Princeton University from 1985 to 2002 after teaching at Stanford University for six years. He has a bachelor's degree from Harvard University and earned his doctorate from the Massachusetts Institute of Technology.

Kellie Woodhouse covers higher education for AnnArbor.com. Reach her at kelliewoodhouse@annarbor.com or 734-623-4602 and follow her on twitter.

Comments

elganned

Mon, Dec 10, 2012 : 6:50 p.m.

Maybe he can explain why Too Big To Fail institutions haven't yet been broken up, as Dodd-Frank requires...

snapshot

Mon, Dec 10, 2012 : 8:01 p.m.

Because much of the regulations are still being challenged in court, the same courts used by all special interests to challenge legislation they don't like, including unions.

Mr. Me

Mon, Dec 10, 2012 : 5:44 p.m.

Correction: the chair and vice-chair of the Board of Governors serve four-year terms. It's the other governors who have 14-year terms.

Chase Ingersoll

Mon, Dec 10, 2012 : 3:43 p.m.

Good. All of the Chinese students at the U of M will be able to come and laugh at Bernake the way their counterparts in Beijing were able to laugh in person at Treasury Secretary Timothy Geitner.

a2citizen

Mon, Dec 10, 2012 : 3:20 p.m.

Is he arriving by car or helicopter?

G. Orwell

Mon, Dec 10, 2012 : 3:44 p.m.

Fleet of helicopters with trillions of dollars trailing behind him.

Ron Granger

Mon, Dec 10, 2012 : 3:03 p.m.

I have a whole bunch of Fox news talking points I'd like to ask him about.

southyoop

Mon, Dec 10, 2012 : 7:52 p.m.

Oh please enlighten us, Rachel Maddow, ed schultz - lol

Rizzle

Mon, Dec 10, 2012 : 2:56 p.m.

Since all the commenters on this article are obviously smarter than Mr. Bernanke, perhaps they should set up a competing speaking engagement.

LXIX

Mon, Dec 10, 2012 : 3:58 p.m.

I know I put that invitation from the capital intelligensia someplace.

Top Cat

Mon, Dec 10, 2012 : 2:51 p.m.

Someone should ask him the question, "What is the definition of the dollar?" For most of American history it was 1/20 of an ounce of gold. The scary thing is that Mr. Bernanke has no answer to that question.

LXIX

Mon, Dec 10, 2012 : 9:26 p.m.

If gold were used for trade then everything bought and sold would have a real physical worth relative to anything else. When worthless paper is it doesn't matter - more dollars can just be printed changing everything's real value. As what nearly happened on Wall Street, when too many made up debts representing real value like houses are challenged then suddenly there is just not enough real value (like gold) to support them. Hence the terms "bubble" and "derivative".

elganned

Mon, Dec 10, 2012 : 6:54 p.m.

I've never understood the love affair with gold; it's not like you can wear it, eat it, burn it, or build anything with it. It's intrinsic values are 4: it's heavy, it's shiny, it's soft, and it doesn't tarnish. Not very useful, in the objective view. As a medium of exchange, its value lies only in the holder's belief that it can be exchanged for something that IS useful. But the same can be said for a dollar bill, so what's the point?

Mr. Me

Mon, Dec 10, 2012 : 5:43 p.m.

The value of the dollar is pegged to a broad basket of goods roughly representative of what all consumers actually buy, which is definitely a stupid way of doing things when we could instead fix its value to a fixed quantity of yellow rock somebody dug out of the ground.

LXIX

Mon, Dec 10, 2012 : 2:19 p.m.

The hour is nigh when Big Ben rides into town. Perhaps Ann Arbor will be put onto the intellectual economist map after Bernanke announces his new energy-backed dollar - totally eliminating worthless derivatives and fiat money.

G. Orwell

Mon, Dec 10, 2012 : 2:14 p.m.

He has done an amazing job! For his crony banks.