Why We Still Listen to What Dimon and Bernanke Say
Rapt attention for one and a Nobel for the other show the lingering power of the 2007-08 crisis amid fears that another may be in the making.
Ben Bernanke testifies to the Senate Banking Committee about the turmoil in US credit, April 3, 2008.
Photograph: The Washington Post/Getty
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It’s hard enough to forget the financial meltdown at the best of times. This week started with a startling negative assessment of the economy and markets by Jamie Dimon, the CEO who steered JPMorgan Chase & Co. through that crisis, and with news that Ben Bernanke, who as chairman of the Federal Reserve navigated a disaster that many critics thought he’d done much to cause, has received a Nobel prize in economics. Both somehow overshadowed a very consequential speech by the Fed’s current deputy chairwoman, Lael Brainard.