“Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and heavily burdened with bad loans.”

American economist and former Federal Reserve Chair (2006–2014), Bernanke’s career spans academia and central banking. His work on the Great Depression and his leadership during the 2008 financial crisis shaped modern monetary policy. He is widely recognized for his analysis of economic crises and his efforts to stabilize the U.S. economy.