Chapter 589
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Sophia's resume is sufficient. She graduated from Wharton Business School, has a doctorate in economics and has long worked in senior banks. Although she is not a bank of the Federal Reserve System, she is a world-class bank.
Among the several investments led by Sophia, it is the largest profit growth point of the bank so far. They invested in companies such as Google, Amazon and Pingguo. Sophia rejected the position of vice president and left with dazzling achievements.
Bernanke's nomination was approved internally and an invitation was sent to Sophia.
The full name of the chairman of the Federal Reserve of China is "chairman of the Federal Reserve of China".
The chairman of the Federal Reserve is often considered to play the same role as the Minister of finance. What is the difference between him and the Minister of finance? They are appointed by the president of the United States and passed by the Senate. The chairman of the Federal Reserve must first be appointed as a member of the Federal Reserve Committee (a total of 7 people) and passed by the Senate. Therefore, the chairman of the Federal Reserve has to undergo two appointments and two votes. Among them, the term of office of the members of the committee is 14 years and can not be re elected; The term of office of the chairman is 4 years and can be re elected.
In contrast, the Minister of Finance acts according to the will of the president of the United States. He can be removed by the president at any time, but the president cannot remove the chairman of the Federal Reserve at will. Except that the chairman of the Federal Reserve may be related to the president in the appointment process, generally, the Federal Reserve as a whole and the chairman of the Federal Reserve are essentially independent of the president.
The Federal Reserve is responsible to Congress, which can modify the regulations as the basis for the storage and transportation of the union at any time. It is right to say that the chairman of the Federal Reserve has more influence and power on the economy than the Minister of finance. In fact, the chairman of the Federal Reserve is the No. 2 figure in the United States described as "under one person and above ten thousand people".
Few people in power in the United States will mention the role of the Minister of finance, although he is ranked fifth on the American presidential waiting list (the person who can replace the president when he is unable to perform his duties due to illness, death or other reasons).
Although the chairman of the Federal Reserve is not a cabinet member and his name does not appear on the presidential waiting list at all, these are not problems, which will not reduce the reputation and influence of the chairman of the Federal Reserve in any way.
Sophia was born in a banking family and worked hard all her life to enter the Federal Reserve. Just as people in politics want to enter the Senate, it is a great honor to work here. Old Ronson has worked as a member for 14 years, and he has fought with Greenspan for more than 30 years.
There are only seven members of this committee, with a term of office of 14 years. They are nominated internally, voted by the Senate, and finally signed by the president. It is of great quality. In addition, there are few vacancies. The real iron rice bowl can also exert great influence. These old banking families are slandered.
Because it is extremely important, rich in oil and water, and the competition is extremely fierce, non talented and capable people can't take the post.
There are seven internal nominees this time. Sophia is nominated by the chairman. She is the only female among the seven nominees and the youngest one. She is only 45 years old. She is the only Post-70s among the Committee and nominees.
Bernanke was born in Georgia in 1953 and is now in his 60s. He can also be called a young man.
When Bernanke was elected by Bush as a member of the Federal Reserve in 2002, he seemed a little frightened, but this was obviously understandable: his good friend and colleague at Princeton University and economist Alan brind had only stayed in the position of vice chairman of the Federal Reserve for two years, left because of his disagreement with Greenspan and returned to academia.
In the nearly three years since Bernanke left academia and entered the Federal Reserve, Bernanke still showed more of his scholarly style than a political decision-maker in the system. With many new ideas in his mind, he soon won the title of "personal creative factory". His liberal way of thinking is popular among bankers and investors who have long been accustomed to the highly cautious style of the Federal Reserve.
At the same time, Bernanke is also famous for his firm position in supporting the setting of inflation targets in the Federal Reserve. On this point, he rarely disagrees with Chairman Greenspan of the Federal Reserve. He is an open figure who can't pee with Greenspan.
During his work at the Federal Reserve, Bernanke was deeply appreciated by his colleagues for his good cooperation and honesty. He is used to using his academic background and careful analysis of the latest data to solve current economic problems, and then let people understand his ideas in a language that non professionals can understand, so as to make complex economic problems easy to understand and straightforward.
A colleague summed up the future president as follows: "he is a bit shy and usually wears simple clothes. Compared with Bush's preferred senior executives in high-level economic decision-making positions, he looks very different."
In 2006, Bernanke was appointed chairman of the Federal Reserve. From a small town in South Carolina to a prestigious academic palace, to public office, Bernanke's personal career reached an unexpected peak.
Completely unmasked, however, he leave no stone unturned in 2007. The real estate bubble burst and the inherent flaws of the global financial system were exposed. Once, on the verge of collapse, Bernanke and his team worked hard to take all the tools available to curb the spread of the financial crisis, from the collapse of investment Bank Bell Sten to the unprecedented rescue of the insurance giant AIG. So that the US and even the world economy can continue to operate.
The public was filled with indignation at the greed of Wall Street, and Bernanke and his team were under great pressure. However, with the active support of the president, they finally succeeded in restoring the stability of a shaky financial system. Once the American economy completely collapsed, the scale and consequences would be unimaginable. However, Bernanke and others turned the tide with extraordinary creativity and determination, They have put forward a series of non-traditional rescue tools, which have helped the recovery of the American economy and created a model that other countries can emulate.
He has a good relationship with old Ronson and enjoyed cooperation during his work in the Federal Reserve. This time, as a powerful figure in the United States, he nominated Sophia to appreciate her ability. He does not appreciate Sophia's investment ability, but that Sophia is consistent with his views on macroeconomic and monetary policies.
In her economic paper published two years ago, Sophia advocated setting a clear inflation target, that is, to keep the inflation rate at a specific level for a certain period of time. She believes that this can not only guide the market's expectations of inflation, but also help the Fed improve the credibility of its price stability target.
This view is consistent with Bernanke's policy of controlling inflation. Bernanke has a nickname "the book of printed newspapers". This nickname originates from his differences with Greenspan on inflation. The public gives Bernanke this nickname based on his view: if necessary, we can increase liquidity by printing a large amount of money, This is not a good nickname, but it is effective to control the inflation within a certain range.
This is a great good thing for many people, but it is not very good for Sophia, who is the chairman of the family foundation and controls tens of billions of assets.
If she gets this invitation before becoming the chairman of the family foundation, she will gladly agree and strive for it. This is her lifelong goal, which can realize the self-worth of life, but after owning a lot of assets, this goal is not as sacred as before.
As the controller of the family fund, he has a lot of power and profits. More importantly, he earns his own money and works only for himself. This kind of freedom without elbow is very wonderful. However, this position is a dream and makes the family feel proud. It is more difficult for people in the bank family to sit in this position than ordinary people in the past 30 years, Few of them have been nominated by the chairman on their own initiative, so through Sophia's grandson, her sisters lobbied her for this career.
As one of the seven members of the Federal Reserve Board, it is a great right to participate in and formulate national economic policies together. The 14-year term of office makes this son extremely rare. Many presidents regret that they can't appoint one during their term of office. In those years, old Ronson's position was the result of spending countless money and mobilizing countless contacts, but now he has taken the initiative to send it.
This is not the face of old Ronson. If he had this face, he would let his son James sit instead of marrying out, and give up the right of inheritance and change his surname as his daughter.
James, Sophia's eldest brother, brought a letter from old Ronson. He hoped that Sophia would not give up this position. This is the real right. People like Sophia, who came from a big family, can not exert influence compared with ordinary elite families like Bernanke, which is of great benefit to their family.
For Sophia now, money can't move her. Thanks to the family fund designed by mark, her property has reached nearly 5 billion, and they are all high-quality assets, growing steadily.
To impress her, perhaps only power, influence and ideals. Before serving as the chairman of the family fund, it was undoubtedly her highest dream to enter the Federal Reserve Board, but now it is not.
The problem restricting Sophia is the family and family fund. If she works on the committee, she will live in the capital for a long time, and her family's main industries are concentrated in Los Angeles. Who will manage the family fund? Will David move there? What about Kayla? Where should I study? These have become the factors restricting her as a strong woman.
She directly ignored the opinions of her brothers and sisters. They always measure one thing by interests and do whatever benefits. Of course, they prefer Sophia to serve in the Federal Reserve.
When Sophia asked David, David said, "before making a major choice in life, you should first consider whether this is what you want. No matter how abundant material can fill the spiritual emptiness. Mark has so much money, why make a movie?"
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Sophia's resume is sufficient. She graduated from Wharton Business School, has a doctorate in economics and has long worked in senior banks. Although she is not a bank of the Federal Reserve System, she is a world-class bank.
Among the several investments led by Sophia, it is the largest profit growth point of the bank so far. They invested in companies such as Google, Amazon and Pingguo. Sophia rejected the position of vice president and left with dazzling achievements.
Bernanke's nomination was approved internally and an invitation was sent to Sophia.
The full name of the chairman of the Federal Reserve of China is "chairman of the Federal Reserve of China".
The chairman of the Federal Reserve is often considered to play the same role as the Minister of finance. What is the difference between him and the Minister of finance? They are appointed by the president of the United States and passed by the Senate. The chairman of the Federal Reserve must first be appointed as a member of the Federal Reserve Committee (a total of 7 people) and passed by the Senate. Therefore, the chairman of the Federal Reserve has to undergo two appointments and two votes. Among them, the term of office of the members of the committee is 14 years and can not be re elected; The term of office of the chairman is 4 years and can be re elected.
In contrast, the Minister of Finance acts according to the will of the president of the United States. He can be removed by the president at any time, but the president cannot remove the chairman of the Federal Reserve at will. Except that the chairman of the Federal Reserve may be related to the president in the appointment process, generally, the Federal Reserve as a whole and the chairman of the Federal Reserve are essentially independent of the president.
The Federal Reserve is responsible to Congress, which can modify the regulations as the basis for the storage and transportation of the union at any time. It is right to say that the chairman of the Federal Reserve has more influence and power on the economy than the Minister of finance. In fact, the chairman of the Federal Reserve is the No. 2 figure in the United States described as "under one person and above ten thousand people".
Few people in power in the United States will mention the role of the Minister of finance, although he is ranked fifth on the American presidential waiting list (the person who can replace the president when he is unable to perform his duties due to illness, death or other reasons).
Although the chairman of the Federal Reserve is not a cabinet member and his name does not appear on the presidential waiting list at all, these are not problems, which will not reduce the reputation and influence of the chairman of the Federal Reserve in any way.
Sophia was born in a banking family and worked hard all her life to enter the Federal Reserve. Just as people in politics want to enter the Senate, it is a great honor to work here. Old Ronson has worked as a member for 14 years, and he has fought with Greenspan for more than 30 years.
There are only seven members of this committee, with a term of office of 14 years. They are nominated internally, voted by the Senate, and finally signed by the president. It is of great quality. In addition, there are few vacancies. The real iron rice bowl can also exert great influence. These old banking families are slandered.
Because it is extremely important, rich in oil and water, and the competition is extremely fierce, non talented and capable people can't take the post.
There are seven internal nominees this time. Sophia is nominated by the chairman. She is the only female among the seven nominees and the youngest one. She is only 45 years old. She is the only Post-70s among the Committee and nominees.
Bernanke was born in Georgia in 1953 and is now in his 60s. He can also be called a young man.
When Bernanke was elected by Bush as a member of the Federal Reserve in 2002, he seemed a little frightened, but this was obviously understandable: his good friend and colleague at Princeton University and economist Alan brind had only stayed in the position of vice chairman of the Federal Reserve for two years, left because of his disagreement with Greenspan and returned to academia.
In the nearly three years since Bernanke left academia and entered the Federal Reserve, Bernanke still showed more of his scholarly style than a political decision-maker in the system. With many new ideas in his mind, he soon won the title of "personal creative factory". His liberal way of thinking is popular among bankers and investors who have long been accustomed to the highly cautious style of the Federal Reserve.
At the same time, Bernanke is also famous for his firm position in supporting the setting of inflation targets in the Federal Reserve. On this point, he rarely disagrees with Chairman Greenspan of the Federal Reserve. He is an open figure who can't pee with Greenspan.
During his work at the Federal Reserve, Bernanke was deeply appreciated by his colleagues for his good cooperation and honesty. He is used to using his academic background and careful analysis of the latest data to solve current economic problems, and then let people understand his ideas in a language that non professionals can understand, so as to make complex economic problems easy to understand and straightforward.
A colleague summed up the future president as follows: "he is a bit shy and usually wears simple clothes. Compared with Bush's preferred senior executives in high-level economic decision-making positions, he looks very different."
In 2006, Bernanke was appointed chairman of the Federal Reserve. From a small town in South Carolina to a prestigious academic palace, to public office, Bernanke's personal career reached an unexpected peak.
Completely unmasked, however, he leave no stone unturned in 2007. The real estate bubble burst and the inherent flaws of the global financial system were exposed. Once, on the verge of collapse, Bernanke and his team worked hard to take all the tools available to curb the spread of the financial crisis, from the collapse of investment Bank Bell Sten to the unprecedented rescue of the insurance giant AIG. So that the US and even the world economy can continue to operate.
The public was filled with indignation at the greed of Wall Street, and Bernanke and his team were under great pressure. However, with the active support of the president, they finally succeeded in restoring the stability of a shaky financial system. Once the American economy completely collapsed, the scale and consequences would be unimaginable. However, Bernanke and others turned the tide with extraordinary creativity and determination, They have put forward a series of non-traditional rescue tools, which have helped the recovery of the American economy and created a model that other countries can emulate.
He has a good relationship with old Ronson and enjoyed cooperation during his work in the Federal Reserve. This time, as a powerful figure in the United States, he nominated Sophia to appreciate her ability. He does not appreciate Sophia's investment ability, but that Sophia is consistent with his views on macroeconomic and monetary policies.
In her economic paper published two years ago, Sophia advocated setting a clear inflation target, that is, to keep the inflation rate at a specific level for a certain period of time. She believes that this can not only guide the market's expectations of inflation, but also help the Fed improve the credibility of its price stability target.
This view is consistent with Bernanke's policy of controlling inflation. Bernanke has a nickname "the book of printed newspapers". This nickname originates from his differences with Greenspan on inflation. The public gives Bernanke this nickname based on his view: if necessary, we can increase liquidity by printing a large amount of money, This is not a good nickname, but it is effective to control the inflation within a certain range.
This is a great good thing for many people, but it is not very good for Sophia, who is the chairman of the family foundation and controls tens of billions of assets.
If she gets this invitation before becoming the chairman of the family foundation, she will gladly agree and strive for it. This is her lifelong goal, which can realize the self-worth of life, but after owning a lot of assets, this goal is not as sacred as before.
As the controller of the family fund, he has a lot of power and profits. More importantly, he earns his own money and works only for himself. This kind of freedom without elbow is very wonderful. However, this position is a dream and makes the family feel proud. It is more difficult for people in the bank family to sit in this position than ordinary people in the past 30 years, Few of them have been nominated by the chairman on their own initiative, so through Sophia's grandson, her sisters lobbied her for this career.
As one of the seven members of the Federal Reserve Board, it is a great right to participate in and formulate national economic policies together. The 14-year term of office makes this son extremely rare. Many presidents regret that they can't appoint one during their term of office. In those years, old Ronson's position was the result of spending countless money and mobilizing countless contacts, but now he has taken the initiative to send it.
This is not the face of old Ronson. If he had this face, he would let his son James sit instead of marrying out, and give up the right of inheritance and change his surname as his daughter.
James, Sophia's eldest brother, brought a letter from old Ronson. He hoped that Sophia would not give up this position. This is the real right. People like Sophia, who came from a big family, can not exert influence compared with ordinary elite families like Bernanke, which is of great benefit to their family.
For Sophia now, money can't move her. Thanks to the family fund designed by mark, her property has reached nearly 5 billion, and they are all high-quality assets, growing steadily.
To impress her, perhaps only power, influence and ideals. Before serving as the chairman of the family fund, it was undoubtedly her highest dream to enter the Federal Reserve Board, but now it is not.
The problem restricting Sophia is the family and family fund. If she works on the committee, she will live in the capital for a long time, and her family's main industries are concentrated in Los Angeles. Who will manage the family fund? Will David move there? What about Kayla? Where should I study? These have become the factors restricting her as a strong woman.
She directly ignored the opinions of her brothers and sisters. They always measure one thing by interests and do whatever benefits. Of course, they prefer Sophia to serve in the Federal Reserve.
When Sophia asked David, David said, "before making a major choice in life, you should first consider whether this is what you want. No matter how abundant material can fill the spiritual emptiness. Mark has so much money, why make a movie?"
Sophia's resume is sufficient. She graduated from Wharton Business School, has a doctorate in economics and has long worked in senior banks. Although she is not a bank of the Federal Reserve System, she is a world-class bank.Among the several investments led by Sophia, it is the largest profit growth point of the bank so far. They invested in companies such as Google, Amazon and Pingguo. Sophia rejected the position of vice president and left with dazzling achievements.Bernanke's nomination was approved internally and an invitation was sent to Sophia.The full name of the chairman of the Federal Reserve of China is "chairman of the Federal Reserve of China".The chairman of the Federal Reserve is often considered to play the same role as the Minister of finance. What is the difference between him and the Minister of finance? They are appointed by the president of the United States and passed by the Senate. The chairman of the Federal Reserve must first be appointed as a member of the Federal Reserve Committee a total of 7 people and passed by the Senate. Therefore, the chairman of the Federal Reserve has to undergo two appointments and two votes. Among them, the term of office of the members of the committee is 14 years and can not be re elected; The term of office of the chairman is 4 years and can be re elected.In contrast, the Minister of Finance acts according to the will of the president of the United States. He can be removed by the president at any time, but the president cannot remove the chairman of the Federal Reserve at will. Except that the chairman of the Federal Reserve may be related to the president in the appointment process, generally, the Federal Reserve as a whole and the chairman of the Federal Reserve are essentially independent of the president.The Federal Reserve is responsible to Congress, which can modify the regulations as the basis for the storage and transportation of the union at any time. It is right to say that the chairman of the Federal Reserve has more influence and power on the economy than the Minister of finance. In fact, the chairman of the Federal Reserve is the No. 2 figure in the United States described as "under one person and above ten thousand people".Few people in power in the United States will mention the role of the Minister of finance, although he is ranked fifth on the American presidential waiting list the person who can replace the president when he is unable to perform his duties due to illness, death or other reasons.Although the chairman of the Federal Reserve is not a cabinet member and his name does not appear on the presidential waiting list at all, these are not problems, which will not reduce the reputation and influence of the chairman of the Federal Reserve in any way.Sophia was born in a banking family and worked hard all her life to enter the Federal Reserve. Just as people in politics want to enter the Senate, it is a great honor to work here. Old Ronson has worked as a member for 14 years, and he has fought with Greenspan for more than 30 years.There are only seven members of this committee, with a term of office of 14 years. They are nominated internally, voted by the Senate, and finally signed by the president. It is of great quality. In addition, there are few vacancies. The real iron rice bowl can also exert great influence. These old banking families are slandered.Because it is extremely important, rich in oil and water, and the competition is extremely fierce, non talented and capable people can't take the post.There are seven internal nominees this time. Sophia is nominated by the chairman. She is the only female among the seven nominees and the youngest one. She is only 45 years old. She is the only Post-70s among the Committee and nominees.Bernanke was born in Georgia in 1953 and is now in his 60s. He can also be called a young man.When Bernanke was elected by Bush as a member of the Federal Reserve in 2002, he seemed a little frightened, but this was obviously understandable: his good friend and colleague at Princeton University and economist Alan brind had only stayed in the position of vice chairman of the Federal Reserve for two years, left because of his disagreement with Greenspan and returned to academia.In the nearly three years since Bernanke left academia and entered the Federal Reserve, Bernanke still showed more of his scholarly style than a political decision-maker in the system. With many new ideas in his mind, he soon won the title of "personal creative factory". His liberal way of thinking is popular among bankers and investors who have long been accustomed to the highly cautious style of the Federal Reserve.At the same time, Bernanke is also famous for his firm position in supporting the setting of inflation targets in the Federal Reserve. On this point, he rarely disagrees with Chairman Greenspan of the Federal Reserve. He is an open figure who can't pee with Greenspan.During his work at the Federal Reserve, Bernanke was deeply appreciated by his colleagues for his good cooperation and honesty. He is used to using his academic background and careful analysis of the latest data to solve current economic problems, and then let people understand his ideas in a language that non professionals can understand, so as to make complex economic problems easy to understand and straightforward.A colleague summed up the future president as follows: "he is a bit shy and usually wears simple clothes. Compared with Bush's preferred senior executives in high-level economic decision-making positions, he looks very different."In 2006, Bernanke was appointed chairman of the Federal Reserve. From a small town in South Carolina to a prestigious academic palace, to public office, Bernanke's personal career reached an unexpected peak.Completely unmasked, however, he leave no stone unturned in 2007. The real estate bubble burst and the inherent flaws of the global financial system were exposed. Once, on the verge of collapse, Bernanke and his team worked hard to take all the tools available to curb the spread of the financial crisis, from the collapse of investment Bank Bell Sten to the unprecedented rescue of the insurance giant AIG. So that the US and even the world economy can continue to operate.The public was filled with indignation at the greed of Wall Street, and Bernanke and his team were under great pressure. However, with the active support of the president, they finally succeeded in restoring the stability of a shaky financial system. Once the American economy completely collapsed, the scale and consequences would be unimaginable. However, Bernanke and others turned the tide with extraordinary creativity and determination, They have put forward a series of non-traditional rescue tools, which have helped the recovery of the American economy and created a model that other countries can emulate.He has a good relationship with old Ronson and enjoyed cooperation during his work in the Federal Reserve. This time, as a powerful figure in the United States, he nominated Sophia to appreciate her ability. He does not appreciate Sophia's investment ability, but that Sophia is consistent with his views on macroeconomic and monetary policies.In her economic paper published two years ago, Sophia advocated setting a clear inflation target, that is, to keep the inflation rate at a specific level for a certain period of time. She believes that this can not only guide the market's expectations of inflation, but also help the Fed improve the credibility of its price stability target.This view is consistent with Bernanke's policy of controlling inflation. Bernanke has a nickname "the book of printed newspapers". This nickname originates from his differences with Greenspan on inflation. The public gives Bernanke this nickname based on his view: if necessary, we can increase liquidity by printing a large amount of money, This is not a good nickname, but it is effective to control the inflation within a certain range.This is a great good thing for many people, but it is not very good for Sophia, who is the chairman of the family foundation and controls tens of billions of assets.If she gets this invitation before becoming the chairman of the family foundation, she will gladly agree and strive for it. This is her lifelong goal, which can realize the self-worth of life, but after owning a lot of assets, this goal is not as sacred as before.As the controller of the family fund, he has a lot of power and profits. More importantly, he earns his own money and works only for himself. This kind of freedom without elbow is very wonderful. However, this position is a dream and makes the family feel proud. It is more difficult for people in the bank family to sit in this position than ordinary people in the past 30 years, Few of them have been nominated by the chairman on their own initiative, so through Sophia's grandson, her sisters lobbied her for this career.As one of the seven members of the Federal Reserve Board, it is a great right to participate in and formulate national economic policies together. The 14-year term of office makes this son extremely rare. Many presidents regret that they can't appoint one during their term of office. In those years, old Ronson's position was the result of spending countless money and mobilizing countless contacts, but now he has taken the initiative to send it.This is not the face of old Ronson. If he had this face, he would let his son James sit instead of marrying out, and give up the right of inheritance and change his surname as his daughter.James, Sophia's eldest brother, brought a letter from old Ronson. He hoped that Sophia would not give up this position. This is the real right. People like Sophia, who came from a big family, can not exert influence compared with ordinary elite families like Bernanke, which is of great benefit to their family.For Sophia now, money can't move her. Thanks to the family fund designed by mark, her property has reached nearly 5 billion, and they are all high-quality assets, growing steadily.To impress her, perhaps only power, influence and ideals. Before serving as the chairman of the family fund, it was undoubtedly her highest dream to enter the Federal Reserve Board, but now it is not.The problem restricting Sophia is the family and family fund. If she works on the committee, she will live in the capital for a long time, and her family's main industries are concentrated in Los Angeles. Who will manage the family fund? Will David move there? What about Kayla? Where should I study? These have become the factors restricting her as a strong woman.She directly ignored the opinions of her brothers and sisters. They always measure one thing by interests and do whatever benefits. Of course, they prefer Sophia to serve in the Federal Reserve.When Sophia asked David, David said, "before making a major choice in life, you should first consider whether this is what you want. No matter how abundant material can fill the spiritual emptiness. Mark has so much money, why make a movie?"
