One week ago, Federal Reserve chair Janet Yellen announced the long-awaited short-term interest rate hike. It was the first time in seven years that rates were raised above the near-zero benchmark – a benchmark put in place as part of the Fed’s plan to counteract the U.S. financial crisis.
Ben Bernanke oversaw the implementation of that plan and other major decisions as chairman of the Federal Reserve from 2006 to 2014. He speaks with Here & Now’s Jeremy Hobson about how he sees the current state of the economy, its greatest challenges and what he expects in the year ahead.
Guest
- Ben Bernanke, formal chairman of the Federal Reserve, distinguished fellow at the Brookings Institution, and advisor to investment firms Pimco and Citadel. He tweets @benbernanke.
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