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Bernanke named Time's Person of the Year.

Summary: U.S. Federal Reserve Chairman Ben Bernanke has been named Time magazine's Person of the Year.

U.S. Federal Reserve Chairman Ben Bernanke has been named Time magazine's Person of the Year.

The magazine said that Mr Bernanke had helped steer the US economy through its darkest days since the Great Depression.

"The recession was the story of the year. Without Ben Bernanke ... it would have been a lot worse," Time managing editor Richard Stengel said.

"We've rarely had such a perfect revision of the cliche that those who do not learn from history are doomed to repeat it. Bernanke didn't just learn from history; he wrote it himself and was damned if he was going to repeat it."

Bernanke, who is 56 and a former Princeton University professor, is an expert on the Great Depression.

Independent Television News Limited 2009. All rights reserved.

Independent Television News Limited 2009. All rights reserved.

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Publication:Independent Television News Limited (ITN)
Date:Dec 18, 2009
Words:161
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