Bernanke steps into Greenspan's shoes

Although Ben Bernanke was nominated as Fed chairman this week, he has shown in the past that he isn't a fan of the conservative dress code favoured by central bankers. Bernanke surprised George W Bush by wearing a pair of tan socks with a dark suit to a meeting with the US President during the summer.

In remarks at a conference this year, Bernanke commented: "Wearing uncomfortable clothes on purpose is an example of what . . . economists call 'signalling'. You have to do it to show that you ta