The Associated Press

U.S. Federal Reserve chairman Ben Bernanke has been named Time magazine’s “Person of the Year” for 2009.

In choosing Bernanke, 56, Time said Wednesday that he is the most important player guiding the world’s most important economy.

“His creative leadership helped ensure that 2009 was a period of weak recovery rather than catastrophic depression, and he still wields unrivalled power over our money, our jobs, our savings and our national future,” the magazine added.

“The decisions he has made, and those he has yet to make, will shape the path of our prosperity, the direction of our politics and our relationship to the world.”

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.

With files from The Canadian Press.