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Bernanke Named Time Magazine's 'Person of the Year'

Federal Reserve Chairman Ben Bernanke has been named Time magazine's "Person of the Year" for 2009, Fox News has confirmed.

Last year's winner was then-President-elect Barack Obama. The 2007 winner was Russian Prime Minister Vladimir Putin.

Other previous winners have included Bono, President George W. Bush, and Amazon.com CEO and founder Jeff Bezos.

Click here to read Time Magazine's story.

The Associated Press contributed to this report.