Ben Bernake Named Time Person of the Year
Time magazine on Wednesday named Federal Reserve Chairman Ben Bernanke as its 2009 Person of the Year, calling him “the most powerful nerd on the planet.”
Bernanke will be featured on the cover of the magazine that hits stores Friday.
He beat out Jamaican sprinter Usain Bolt, President Obama, Apple CEO Steve Jobs and House Speaker Nancy Pelosi among other finalists.
Time said Bernanke was the reason the U.S. financial crisis wasn’t worse.
“The story of the year was a weak economy that could have been much, much weaker. Thank the man who runs the Federal Reserve, our mild-mannered economic overlord,” the article said.
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