Bernanke's father, retired pharmacist, dies at age 85

Reuters News
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Posted: Aug 09, 2012 1:47 PM
Bernanke's father, retired pharmacist, dies at age 85

CHARLOTTE, North Carolina (Reuters) - Federal Reserve Chairman Ben Bernanke's father, retired pharmacist Philip Bernanke, died on Wednesday at the age of 85.

In a speech in 2007, Bernanke talked about his father, who retired to Charlotte, North Carolina after several decades in the central bank chief's home town of Dillon, South Carolina.

"Dillon had very few doctors at the time, so a lot of people came to my dad and uncle for advice on basic health matters. They became known to their customers as 'Dr. Phil' and 'Dr. Mort,'" said Bernanke, whose son is studying to be a doctor.

Philip Bernanke met his wife Edna while they were attending different campuses of the University of North Carolina. They later settled in Dillon because Philip Bernanke's father bought a drugstore there in 1941. Philip Bernanke and his brother later followed in their father's footsteps as town pharmacists, Ben Bernanke said in the 2007 speech.

According to the J.B. Tallent funeral home in Charlotte, Philip Bernanke served in the U.S. Navy in the last year of World War II.

(Reporting by Rick Rothacker and Pedro da Costa; Editing by Andrea Ricci)