Former Federal Reserve chairman Ben Bernanke has signed on to become an “outside senior adviser” to Citadel, the $25 billion hedge fund based in Chicago and founded by billionaire Kenneth C. Griffin.
In an interview with the New York Times, Bernanke said he chose Citadel because it “is not regulated by the Federal Reserve and I won’t be doing lobbying of any sort.”
He said he’s sensitive to the public’s anxiety when it comes to the “revolving door” between Washington and Wall Street.
In a statement, Mr. Griffin said: We are honored to welcome Dr. Bernanke to Citadel. He has extraordinary knowledge of the global economy and his insights on monetary policy and the capital markets will be extremely valuable to our team and to our investors.
“Citadel is a dynamic firm with tremendously talented people and a rigorous approach to research and investing,” Bernanke said, according to Politico. “I look forward to adding my perspective on a range of issues affecting our global economy.”
