Ben Bernanke, the former chairman of the US Federal Reserve, has joined Citadel as an adviser on monetary policy, arriving as the Chicago hedge fund recovers from a $1bn loss trading government bonds.
The ex-central banker, who stepped down from the Fed in January 2014, said he would be adding his “perspective on a range of issues affecting our global economy” in his new role.
The move may fan criticism of a “revolving door” between the Fed and other wings of government and powerful financial firms.
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