Federal Reserve Chairman Ben Bernanke reads blogs. Well, baseball blogs.

Appearing at the University of Michigan’s Gerald R. Ford School of Public Policy on Monday, Mr. Bernanke offered a few glimpses into his life outside the central bank.

Yes, he does peruse the Internet from time to time.

“Blogs have become a pretty important source of intellectual exchange,” the Fed chief said, noting that the Federal Reserve Banks of New York and Atlanta both maintain active blogs. But is that how ...