Economy

Bernanke likens ’08 financial crisis to car crash

By Martin Crutsinger
Published January 16, 2014 7:30pm ET
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Bernanke likens ’08 financial crisis to car crash
Outgoing Federal Reserve Chairman Ben Bernanke speaks about the Federal Reserve's first and next century, Thursday, Jan. 16, 2014, at the Brookings Institution in Washington. (AP Photo/Manuel Balce Ceneta) | Manuel Balce Ceneta

WASHINGTON (AP) — In his final public appearance as chairman of the Federal Reserve, Ben Bernanke took a moment to reflect on the 2008 financial crisis and compared it to surviving a bad car crash.

During an interview Thursday at the Brookings Institution, Bernanke recalled some “very intense periods” during the crisis, similar to trying to keep a car from going over a bridge after a collision.

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2008 Financial Crisis Federal Reserve Nation