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.
References in periodicals archive ?
He is experiencing Irrational Exuberance - a term originated by former Fed Chairman Allan Greenspan and used as the title of a bestselling book by Nobel laureate Robert Schiller.
Exactly 21 years ago, in a speech delivered on 5 December 1996, then US Fed Chairman Allan Greenspan used the term "irrational exuberance" to warn investors that the spectacular rally in stock prices during the period could potentially signal that global stock markets were overheating.
Exactly 21 years ago, in a speech delivered on December 5, 1996, then US Fed Chairman Allan Greenspan used the term 'irrational exuberance' to warn investors that the spectacular rally in stock prices during the period could potentially signal that global stock markets were overheating.
With the Fed vouching that inflation now seems under control and that a "measured" pace of rate increases will be continued, the 10-year Treasury has settled down to roughly 4.25% perpetuating what Allan Greenspan has called a "conundrum," the perplexing phenomenon where the Treasury has resiliently remained low despite rising rates.
During the years since the creation of the TC, Paul Volcker and Allan Greenspan, both Trilateralists, have managed the nation's economic life as chairmen of the Federal Reserve.
We need a visionary for the nutraceuticals industry--think about what Bill Gates is to the computer industry or what Allan Greenspan is to the financial industry.
El de la Reserva vino a elogiar a Fox --!tan tan!-- Si, claro: es Allan GreensPAN, no podria ser GreensPRI.
Speaking in the wake of US Federal Reserve Chairman Allan Greenspan's testimony to the US Congress, she urged close co-operation between Congress and the European Parliament "to find the right balance between the interests of the industry and the protection of investors, especially the non-professional investors who are looking to guarantee their income after retirement".
ALLAN GREENSPAN'S DESERTION of deficit reduction, which he later embarrassedly repudiated, reminds me of how those conservative Supreme Court justices deserted their states' rights and judicial restraint principles in the Florida vote case.
(Another impact on that day of trading was favorable comments from the usually cautious Federal Reserve Chairman, Allan Greenspan, about an economic soft landing that the market interpreted as a cease-fire on the fight on inflation through interest rate hikes.)
But this forecast is contradicted by a June 1995 statement by US Federal Reserve Board chair Allan Greenspan predicting that the economy could shrink marginally.
Just last fall, Fed Chairman Allan Greenspan warned the banking industry that it remained an open question whether current loan standards were adequate.