![]() ![]() Over the years, Greenspan also held many roles in the public and private sectors. His memoir, The Age of Turbulence, was published in 2007. He was also known for his skill at building consensus among members of the Federal Open Market Committee on policy issues.Īfter leaving the Board of Governors, Greenspan began his own Washington DC-based consulting firm, Greenspan Associates, LLC. Many credit Greenspan with facilitating the longest official economic expansion in US history. ![]() He had a reputation for being strongly anti-inflation, focusing more on controlling prices than on promoting full employment. During his tenure he also led the Federal Reserve through several events with major economic repercussions, including two US recessions, the Asian financial crisis of 1997, and the September 11, 2001, terrorist attacks. Shortly after assuming office as chairman of the Board of Governors, Greenspan was faced with the October 1987 stock market crash and acted quickly to ensure liquidity in the markets. In addition, he served as a member of President Ronald Reagan’s Economic Policy Advisory Board and was a consultant to the Congressional Budget Office. From 1974 to 1977, he served as chairman of the President’s Council of Economic Advisers under President Gerald Ford, and from 1981 to 1983, as chairman of the National Commission on Social Security Reform. ![]() From 1954 to 1974 and from 1977 to 1987, Greenspan was chairman and president of Townsend-Greenspan & Co., Inc., an economic consulting firm in New York City. Greenspan’s first job, in 1948, was with the National Industrial Conference Board, a nonprofit organization where he analyzed demand for steel, aluminum and copper. Before receiving his doctorate, he studied economics at Columbia University in the early 1950s under Arthur Burns, who would later become chairman of the Board of Governors. He received his bachelor’s (summa cum laude), master’s, and doctoral degrees in economics, all from New York University. He was appointed chairman by four different presidents. He originally took office as chairman on August 11, 1987, to fill an unexpired term as a member of the Board of Governors. Alan Greenspan served five terms as chairman of the Board of Governors of the Federal Reserve System. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |