In lecture, Bernanke says he emphasized transparency while at the Fed
Chitra MartiBen Bernanke, former Chairman of the Federal Reserve and former chair of the economics department, was presented with The American Whig-Cliosophic Society's 2014 James Madison Award for Distinguished Public Service in a ceremony on Wednesday.Bernanke followed the ceremony by discussing his time at the Federal Reserve as well as his time in academia with economics professor Alan Blinder ’67, who served as vice chairman of the Federal Reserve from 1994-96. Bernanke said his legacy includes an increased transparency within the Fed, noting that during his time as chairman he appeared on ‘60 Minutes’ and granted requests for interviews with the media to inform the public about monetary policy. “Democratic legitimacy requires that [the Fed] explain itself,” Bernanke said.











