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Ben Bernanke named Time's person of 2009

17th December 2009

Time magazine has chosen US Federal Reserve chairman Ben Bernanke as its person of the year.

The publication picked the 56-year-old from a shortlist which included last year's winner Barack Obama, sprinter Usain Bolt, Apple chief executive Steve Jobs and 'the Chinese worker'.

Richard Stengel, the managing editor of Time, commented: 'The recession was the story of the year. Without Ben Bernanke it would have been a lot worse.'

Under Bernanke's tenure, the Federal Reserve channelled trillions of dollars into the US economy, lent to investment banks and reduced interest rates to limit the impact of the recession.

The magazine concluded: 'He didn't just reshape US monetary policy; he led an effort to save the world economy.'

In its rundown of the 'people who mattered' in 2009, Time included Neda Agha-Soltan, the woman who was killed in an Iranian street protest, and conservative political commentator Glenn Beck.

Goldman Sachs chief executive Lloyd Blankfein, White House chief of staff Rahm Emanuel and Afghanistan president Hamid Karzai were also recognised in the list.

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