The Education of Ben Bernanke
Here is a well written article about Ben Bernanke (the Federal Reserve Chairman) and Federal Reserve from New York Times. It tells the background of the Fed and Bernanke. Also some relations between Bernanke and the Fed before he filled the position of Greenspan. And a huge part of the article is discussing how Bernanke deal with the financial crisis now, which is mainly stemmed from the subprime mortage problem. It would tell u how difficiult is the sitution he facing. And by mentioning some of the work of his precedents, it described what's the job of Federal Reserve Chairman is and how Ben has done his work.
If you are interested in topics like subprime crisis or history of the Fed. This one is worth reading. This article is written in plain English, which I mean no any technical economics terms are used. Nonetheless, given that it's quite a detailed discussion on the topic, so it's a lengthy one. (I have spent two and a half hours on it, though I was chat on msn when I was reading it) Also, as it is an article from New York Times, I think a dictionary will be useful to you.
Here is a well written article about Ben Bernanke (the Federal Reserve Chairman) and Federal Reserve from New York Times. It tells the background of the Fed and Bernanke. Also some relations between Bernanke and the Fed before he filled the position of Greenspan. And a huge part of the article is discussing how Bernanke deal with the financial crisis now, which is mainly stemmed from the subprime mortage problem. It would tell u how difficiult is the sitution he facing. And by mentioning some of the work of his precedents, it described what's the job of Federal Reserve Chairman is and how Ben has done his work.
If you are interested in topics like subprime crisis or history of the Fed. This one is worth reading. This article is written in plain English, which I mean no any technical economics terms are used. Nonetheless, given that it's quite a detailed discussion on the topic, so it's a lengthy one. (I have spent two and a half hours on it, though I was chat on msn when I was reading it) Also, as it is an article from New York Times, I think a dictionary will be useful to you.
In addition to that, here is a interesting video showing how Bernanke introduce himself with his former job title.
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