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Alan Greenspan

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Alan Greenspan
Chairman of the Federal Reserve from 1987 to 2006. He was chairman during both the 1987 stock market crash and the Asian financial crisis in the 1990s. In both circumstances, he saw to it that the Federal Reserve served as a source of liquidity in order to ensure the global economy continued to function. He kept interest rates low during the dot-com bubble of the 1990s. He was criticized during the late 2000s recession for supporting the unfettered free market policies that led to the housing bubble and unregulated derivatives. He became a friend and follower of Ayn Rand in the 1950s and remains controversial today.
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In an editorial in the Wall Street Journal, Alan Greenspan, former chairman of the Federal Reserve, said there are two competing explanations of the origin of the housing crisis.
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Germain to his purpose here, he was Assistant Secretary of the Treasury for Economic Policy during the Ford administration of the US government, and so worked closely with the Chairman of the Council of Economic Advisers, who from August 1974 to January 1977 was Alan Greenspan.
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Greenspan post FORMER US Federal Reserve chairman Dr Alan Greenspan has agreed to become an adviser to Chancellor of the Exchequer Gordon Brown.
Strong growth by The Journal (Newcastle, England)
 
 
 
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