When the US investment bank Lehman Brothers collapsed in 2008, triggering a global financial crisis, Bernanke – who had since become US Federal Reserve Chair – took his own advice, instituting a bold QE program to revive the United States' moribund economy. The United Kingdom, too, pursued robust QE – and, like the US, it is now experiencing relatively strong economic growth (which is why the British participants in Geneva should have known better).