How Economics PhDs Took Over the Federal Reserve
Harvard Business Review
FEBRUARY 3, 2014
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. One obvious and unsurprising trend in the chart is that overall educational standards have risen.
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