Alan Greenspan was the former Chairman of the United States Federal Reserve (the Fed). In 1987, Alan Greenspan was appointed as Fed chairman by President Ronald Reagan. Alan Greenspan was reappointed consecutively, holding four-year terms until retiring on January 31, 2006. On that day, Alan Greenspan relinquished the position to Ben Bernanke. As chairman, Alan Greenspan held the reigns of the economy during the crash of 1987, the recession of the early 1990’s, the dot-com bubble and also the 2001 terrorist attacks. During his tenure, Alan Greenspan was considered by many to be the leading authority on the domestic economy and monetary policy. The public comments made by Alan Greenspan were so influential he could move financial markets. Between 1955 and 1987, Alan Greenspan was the Chairman and President of Townsend-Greenspan, an economic consulting firm. After his retirement, Alan Greenspan accepted an honorary position with the United Kingdom’s HM Treasury. |
