The new man at the helm of the US economy


It took a while for the bond markets to warm up to Ben Bernanke. When President George W. Bush announced in October he had appointed the 53-year-old chairman of the White House Council of Economic Advisers and former Federal Reserve board governor to replace Alan Greenspan, 10-year Treasury yields jumped six basis points. Market observers blamed Bernanke's allegedly loose stance on monetary policy, his weaker charisma compared with Greenspan, and his lack of experience in the 'real world', h

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