Former U.S. Federal Reserve Chair Ben Bernanke, along with Douglas W. Diamond and Philip H. Dybvig, has been awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — popularly known as the Nobel Prize for economics — for research on banks and financial crises.
What Happened: Following the announcement, Ray Dalio, billionaire investor and founder of the world’s largest hedge fund, Bridgewater Associates, praised Bernanke in a series of tweets.
