Before launching his campaign to seek out the Democratic nomination, Senator Bernie Sanders was already known as an outspoken critic of wealth and income inequality in the U.S. During the recession in the late 2000s, he was especially critical of then Federal Reserve Chairman Ben Bernanke and his handling of the economic crisis. The Vermont Senator even stood up against Bernanke when he was renominated by President Obama for a second term as chairman, and called him an “abysmal failure.”
In his new memoir, “A Courage to Act,” Bernanke writes that Sanders saw the world “as a vast conspiracy of big corporations and the wealthy.”
But in an interview with Fusion’s Jorge Ramos, Bernanke seemed to find some common ground with Sanders when it comes to distribution of wealth.
“Over the last forty years or so we’ve seen wages and wealth becoming more unequally distributed,” he told Ramos. “And it’s an important problem, one we need to address.”
Watch the full interview with Ben Bernanke below.