Alan Greenspan Politician

Alan Greenspan (/ˈælɨn ˈɡriːnspæn/; born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position (behind William McChesney Martin).Greenspan came to the Federal Reserve Board from a successful consulting career. Although he was subdued in his public appearances, favorable media coverage raised his profile to a point that several observers likened him to a "rock star". Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization and tax cuts, which they felt would increase the deficit. The easy-money policies of the Fed during Greenspan's tenure have been suggested to be a leading cause of the subprime mortgage crisis, which occurred within months of his departure from the Fed, and have, said The Wall Street Journal, "tarnished his reputation".

Personal facts

Alan Greenspan
Birth dateMarch 06, 1926
Birth place
New York City , United States , New York
Education
Juilliard School
New York University
Spouse

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