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Dec. 16 (Bloomberg) -- Federal Reserve Chairman Ben Bernanke was named “Person of the Year” by Time magazine today for leading the “most-powerful, least-understood government force shaping our lives,” Managing Editor Richard Stengel said.
Bernanke, 56, the first Fed chairman to be chosen for the annual recognition, was picked for his efforts to shepherd the U.S. out of the biggest economic slump since the Great Depression, Stengel said on NBC’s “Today” show this morning.