Profile

Alan Greenspan

Economist
Male

Alan Greenspan 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.… Read More

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Timeline

Learn about the memorable moments in the evolution of Alan Greenspan.

CHILDHOOD

1926 Birth Born on March 6, 1926.

TEENAGE

1940 14 Years Old Greenspan attended George Washington High School from 1940 until he graduated in June 1943, where one of his classmates was John Kemeny. … Read More
1945 19 Years Old In 1945 Greenspan attended New York University where he earned a B.S. degree in economics summa cum laude in 1948 and an M.A. degree in economics in 1950. … Read More

TWENTIES

1948 22 Years Old During his economic studies at New York University, Greenspan worked under Eugene Banks, a managing director at the Wall Street investment bank Brown Brothers Harriman, working in the firm's equity research department. From 1948 to 1953, Greenspan worked as an economic analyst at The National Industrial Conference Board (currently known as The Conference Board), a business- and industry-oriented think tank in New York City.
1952 26 Years Old Greenspan has married twice. His first marriage was to an artist named Joan Mitchell in 1952; the marriage ended in annulment less than a year later. … Read More
1955 29 Years Old From 1955 to 1987, when he was appointed as chairman of the Federal Reserve, Greenspan was chairman and president of Townsend-Greenspan & Co., Inc., an economic consulting firm in New York City, a 32-year stint interrupted only from 1974 to 1977 by his service as Chairman of the Council of Economic Advisers under President Gerald Ford.

FORTIES

1968 42 Years Old In mid-1968, Greenspan agreed to serve Richard Nixon as his coordinator on domestic policy in the nomination campaign. … Read More

FIFTIES

1976 50 Years Old In 1976, Greenspan received the U.S. Senator John Heinz Award for Greatest Public Service by an Elected or Appointed Official, an award given out annually by Jefferson Awards. … Read More
1982 56 Years Old He was a director of the Council on Foreign Relations foreign policy organization between 1982 and 1988.
1984 58 Years Old 1 More Event
He also served as a member of the influential Washington-based financial advisory body, the Group of Thirty in 1984.

LATE ADULTHOOD

On June 2, 1987, President Ronald Reagan nominated Greenspan as a successor to Paul Volcker as chairman of the Board of Governors of the Federal Reserve, and the Senate confirmed him on August 11, 1987. … Read More
1993 67 Years Old 1 More Event
Greenspan lent support to Clinton's 1993 deficit reduction program. … Read More
2000 74 Years Old 1 More Event
In 2000, Greenspan raised interest rates several times; these actions were believed by many to have caused the bursting of the dot-com bubble. … Read More
In January 2001, Greenspan, in support of President Bush's proposed tax decrease, stated that the federal surplus could accommodate a significant tax cut while paying down the national debt.
2002 - 2004 2 More Events
2005 79 Years Old 1 More Event
In March 2005, in reaction to Greenspan's support of President Bush's plan to partially privatize Social Security, Democratic Senate Minority Leader Harry Reid attacked Greenspan as "one of the biggest political hacks we have in Washington" and criticized him for supporting Bush's 2001 tax cut plan. … Read More
2006 80 Years Old Greenspan's term as a member of the Board ended on January 31, 2006, and Ben Bernanke was confirmed as his successor. … Read More
On February 26, 2007, Greenspan forecast a possible recession in the United States before or in early 2008. … Read More
In 2008, Greenspan expressed great frustration that the speech he made on February 23, 2004, was used to criticize him on ARMs and the subprime mortgage crisis, and stated that he had made countervailing comments eight days after it that praised traditional fixed-rate mortgages. … Read More
Original Authors of this text are noted on http://en.wikipedia.org/wiki/Alan_Greenspan.
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