Remove 2006 Remove Consultative Remove Diversity Remove Gilbert
article thumbnail

How Economics PhDs Took Over the Federal Reserve

Harvard Business Review

In 2006, the last time a President had to nominate a Fed chairman, the job went to Ben Bernanke, who had spent his entire career as an economics professor before being called up to Washington for a stint as a Fed board member in 2002. Could there be value in diversity of opinion and background as well as opposed to just economic expertise?