Question:

Ben Bernanke?

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who is he and why should i care as a citizen?

(the 2nd part is most important so whoever answers it gets best answer!!)

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2 ANSWERS


  1. Yes, chair of the Federal Reserve. Basically, he makes the decisions about how much money is in the economy. This affects interest rates, which determines how much it will cost to borrow money. From everything like credit cards, car loans, and mortgages, his decisions change how much you pay to rent out someone else's income.

    Interest rates also determine how much banks will pay you to save your money there.

    So, if you borrow money or save money, his work affects you, whether you care or not.


  2. He's the Chairman of the Board of Governors of the US Federal Reserve. The most important man in the economic world.
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