In a long interview with Freakonomics, Bernanke has the chance to self-grade:
DUBNER: Alright, so if you’re going to give yourself a letter grade for before and after, what are your letter grades?
BERNANKE: C- and A-, something like that. But I don’t — it’s really not up to me. I think that, you know, others have to make those judgments. In the end, we did stabilize the system and the economy has recovered. And the U.S. recovery, while not everything we would like, has been pretty good compared to other industrial countries.
He´s too easy on himself. He started bungling from day 1 at the job. The errors quickly accumulated, giving rise to “Great Recession”. So that´s not a C-, but a big F.
I think George Selgin would do the same. From his review of Bernanke´s The Courage to Act, we read:
…a central bank that allows the overall volume of spending to collapse has blown it, no matter how much emergency lending it undertakes…
Given his failing grade in the “first exam”, he should have strived for an A+ in the “second exam”. But no, he managed at best a C-. So overall, he failed BIG! It appears Yellen wants to compound on the mistakes!