• Former Fed Chair Bernanke Says We Can't Blame the Rise in Populism and Donald Trump on the Great Recession

    11 days ago - By Fortune

    The surge in populist politics that helped fuel President Donald Trump's victory and the rise of progressives on the left wasn't triggered by U.S. policy makers' response to the 2008 financial crisis, former Federal Reserve Chairman Ben Bernanke said Wednesday.
    Responding to those who trace today's political movements to the credit-market collapse a decade ago, Bernanke said at a Brookings Institution event that public dissatisfaction had been rising for decades amid stagnant wage growth and declining upward mobility. Though the economic meltdown and subsequent bank bailouts didn't help...
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