Jan Baran Weighs in on Former Fed Chairman Bernanke’s Speaking Engagements
Jan Witold Baran, co-chair of Wiley Rein’s Election Law & Government Ethics Practice, was quoted in a Reuters article published May 16 about former Federal Reserve chairman Ben Bernanke’s speaking engagements before wealthy private investors.
According to the article, Mr. Bernanke, in a series of $250,000 dinner roundtables, has told attendees that he expects the Federal Reserve to raise interest rates later than investors have predicted due to the still-recovering economy and labor market. In the past few months, Mr. Bernanke has made several high-priced speeches, a common move for a former government official, according to many observers.
“It’s not atypical for what other former Washington big shots do,” Mr. Baran told Reuters. “He's being paid ... for sharing his wisdom and predictions, and presumably not to exert his influence on the Fed.” Mr. Bernanke will be able to profit from his past government experience through speaking engagements “until he’s proven to not be all that clairvoyant.”
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