After Fed, Bernanke Offers His Wisdom, for a Big Fee
Mr. Bernanke has agreed to speak with a Middle Eastern bank,private equity firms and trade associations, as well as at investment bank get-togethers, charging his hosts fees that range from $200,000 in the United States and $400,000 for engagements in Asia. While he has dined with hedge fund managers at small events arranged by investment and brokerage firms including JPMorgan Chase, some Wall Street firms have balked at the high fees.
“Chairman Bernanke decided after he left office, like most good civil servants, that he wanted to make a little bit of money and did the dinner circuit,”
.. “At those dinners he gave credence to the idea that the Fed believed in lower potential G.D.P. and lower potential inflation,” Mr. Novogratz said.
“I think that got through to the market and that was kind of the accelerator of this giant trade in fixed income that has happened,” he added, referring to an unexpected rally in government bonds.