Ben Bernanke, former chairman of the U.S. Federal Reserve, plans to work with Citadel Investment Group as a senior advisor, The New York Times reported on Thursday. The $25 billion hedge fund, founded by billionaire Kenneth Griffin, is among Wall Street's biggest. Specifically, Bernanke will provide Citadel with analysis on monetary issues and global economics, and also meet with the group's investors. Bernanke said in an interview that he was "sensitive" to the public's impressions of a "revolving door" between the Wall Street and regulators. He chose Citadel because "it is not regulated by the Federal Reserve and I won't be doing lobbying of any sort." Bernanke added that he was "looking for an opportunity to use my skills and knowledge," and said Citadel was "an interesting firm."
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