PLEDGE NOW
Sizing Up Ben Bernanke

The economy’s getting traction. How’s the Fed chief done? How’s he doing?

Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Thursday, Feb. 2, 2012, before the House Budget Committee.  (AP)

Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Thursday, Feb. 2, 2012, before the House Budget Committee. (AP)

Everybody’s hoping the economy’s coming back.  Nobody knows for sure.  And the biggest foot on the pedals is the foot of Ben Bernanke.  The Federal Reserve Chairman with the trim beard and long view has been at the very heart of the economic crisis and the effort to claw back.

The fact that we’re not in a Great Depression right now owes no small debt to him.  But the Left rages that he hasn’t done enough.  The Right rages that he’s hell-bent on inflation.  Ron Paul wants to pull the Fed’s plug.  Rick Perry said don’t come down to Texas.

This hour, On Point:  the American economy and Ben Bernanke.

-Tom Ashbrook

Guests

Roger Lowenstein, a financial journalist, his latest cover story on Ben Bernanke in the Atlantic magazine is here.

Charles Calomiris, a professor of financial institutions at Columbia University Business School.

From Tom’s Reading List

The Atlantic “Over the past four and a half years, Bernanke, 58, has presided over the most sustained period of crisis of any civilian official in recent history, with the fate of millions of unemployed and underemployed Americans hanging in the balance.”

ABC News “Federal Reserve Chairman Ben Bernanke sat down with ABC News’ Diane Sawyer Tuesday to discuss the state of the U.S. economy and the challenges we still face on the road to recovery. Bernanke and Sawyer spoke on a wide range of issues including gas prices, the housing market and where the national unemployment rate is heading. ”

Time “Federal Reserve Chairman Ben Bernanke said Tuesday that U.S. government intervention during the financial crisis prevented a “total meltdown” in the U.S. economy that could have rivaled the Great Depression.”

  • You can find a time-line of the recent recession here.
Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
May 27, 2016
Riot police block off the Albuquerque Convention Center to anti-Trump protests following a rally and speech by Republican presidential candidate Donald Trump at the convention center where the event was held, in Albuquerque, N.M., Tuesday, May 24, 2016. (AP Photo/Brennan Linsley)

Obama at Hiroshima. Turmoil at Trump rallies. Clinton’s emails, heating up. Sanders predicts a “messy” convention. Our weekly news roundtable goes behind the headlines.

May 27, 2016
In this Oct. 27, 2015, photo,  Big Muddy Farms, an urban farm in northern Omaha, Neb. is seen amongst residential homes. (AP Photo/Nati Harnik)

Just in time for Memorial Day weekend, we’ve got top gardeners spilling the beans on how to grow everything.

RECENT
SHOWS
May 27, 2016
In this Oct. 27, 2015, photo,  Big Muddy Farms, an urban farm in northern Omaha, Neb. is seen amongst residential homes. (AP Photo/Nati Harnik)

Just in time for Memorial Day weekend, we’ve got top gardeners spilling the beans on how to grow everything.

 
May 27, 2016
Riot police block off the Albuquerque Convention Center to anti-Trump protests following a rally and speech by Republican presidential candidate Donald Trump at the convention center where the event was held, in Albuquerque, N.M., Tuesday, May 24, 2016. (AP Photo/Brennan Linsley)

Obama at Hiroshima. Turmoil at Trump rallies. Clinton’s emails, heating up. Sanders predicts a “messy” convention. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
In The Garden, Mother Nature Makes The Rules
Friday, May 27, 2016

Executive producer Karen Shiffman explains why she turns to her garden for food, friends and natrual comfort.

More »
Comment
 
WWII Vet Larry Kirby Reflects On American Values
Thursday, May 26, 2016

Looking ahead to Memorial Day, a World War II veteran looks back at the experiences that mattered to him, both in and out of war.

More »
Comment
 
Gloria Steinem Explains Her ‘Bernie Boys’ Comment
Tuesday, May 24, 2016

Feminist activist Gloria Steinem explains why her apparent diss of female supporters of Sen. Bernie Sanders was anything but.

More »
Comment