Title and Jacket Revealed for Major New Memoir by Ben S. Bernanke

4/8/2015

The Courage to Act by Ben S. Bernanke

Book to be called The Courage to Act: A Memoir of a Crisis and Its Aftermath

The highly anticipated memoir by former Federal Reserve chairman Ben S. Bernanke, which will be published by W. W. Norton & Company in October 2015, will be titled The Courage to Act: A Memoir of a Crisis and Its Aftermath. The title and jacket were revealed today by Norton president W. Drake McFeely.

In The Courage to Act, Ben Bernanke will pull back the curtain on the tireless and ultimately successful efforts to prevent a mass economic failure. Working with two U.S. presidents and two Treasury secretaries, Dr. Bernanke and his colleagues used every Fed capability, no matter how arcane, to help keep the U.S. economy afloat. From his arrival in Washington in 2002 and his experiences before the crisis to the intense days and weeks of the crisis itself, and through the Great Recession that followed, Dr. Bernanke will give readers an unequaled perspective on the American economy. This narrative will reveal for the first time how the creativity and decisiveness of a few key leaders prevented an economic collapse of unimaginable scale.

Dr. Bernanke explains the inspiration behind the book’s title, saying, “When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve, policymakers and staff alike, mustered the moral courage to do what was necessary, often in the face of bitter criticism and condemnation. I am grateful to all of them and proud to have been part of the global effort to contain the most dangerous economic crisis of our time.”

Adds Norton president W. Drake McFeely, “We believe that the title reflects the bold, effective, and often politically unpopular steps Dr. Bernanke and his colleagues took to address a historically unprecedented situation. Ben Bernanke’s unique position and perspective make this memoir a groundbreaking work and offer a story that cannot be told elsewhere.”

The jacket, created by Norton executive art director Ingsu Liu with award-winning designer Chin-Yee Lai, features a photograph by Scott J. Ferrell for Congressional Quarterly. It pictures Dr. Bernanke in 2009, offering testimony before the Joint Economic Committee hearing on the U.S. economic outlook. “This image is not the product of a posed, after-the-fact Washington photo shoot,” notes Mr. McFeely, “but instead is an in-the-moment candid shot that reflects the Ben Bernanke readers will encounter in the book.”

From 2006 to 2014, Ben S. Bernanke served as chairman of the Federal Reserve. He was named Time magazine’s Person of the Year in 2009 and was a professor of economics at Princeton University prior to his career in public service.

For more information, visit CourageToActBook.com.