NBER Research Associate Ben S. Bernanke, Director of the NBER's Program on Monetary Economics, has been nominated by the President to a seat on the Federal Reserve Board of Governors. Bernanke, the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs and the chair of the economics department at Princeton University, has also been a member of the NBER's Business Cycle Dating Committee (BCDC). NBER Research Associate N. Gregory Mankiw of Harvard University will replace Bernanke as Monetary Economics Program Director and BCDC member.

Bernanke's research has focused on monetary policy and macroeconomic history. He received his B.A. from Harvard and his Ph.D. from MIT. He has taught at Stanford Graduate School of Business, MIT, and New York University, as well as at Princeton. He has consulted for the Federal Reserve Board of Governors, the European Central Bank, and other central banks.