In 1988 Jacob and histop management spent the better part of a week touring stores like Circuit City and Best Buy in the U.S. Jacob went home determined to focus solely on home appliances.
But sources say that a part of his speech to top government officials a section not reported by the state media demanded radical measures to improve the living standards of ordinary people.
The 51-year-old former Fed governor and Princeton University economist was considered a top candidate, in part, because of his close relationship with Mr. Bush, who named Bernanke to the Fed Board in 2002 and chairman of his Council of Economic Advisers earlier this year.