About
Alan Greenspan is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. During his tenure, he played a pivotal role in shaping US monetary policy and guiding the nation's economy through various economic cycles. After leaving the Federal Reserve, he worked as a private advisor and provided consulting for firms through his company, Greenspan Associates LLC.
Career Timeline
Forms Townsend-Greenspan & Co.
Begins economic consulting career. Early success starts to build his wealth and reputation.
Chairman of Council Economic Advisers
Appointed by President Ford, gains national recognition. Significant role shapes his career.
Named Federal Reserve Chairman
Appointed by Reagan, assumes top economic role. Vastly expands his power and influence.
Navigates Early 1990s Recession
Successfully manages monetary policy through crisis. Solidifies reputation as effective leader.
"Irrational Exuberance" Speech
Warns of market bubble, demonstrating influence. Heightens public and market awareness of economic risks.
Retires from Federal Reserve
Ends long tenure, legacy debated. Begins lucrative private consulting career.
Warns of Housing Bubble
Voices concerns before financial crisis. Attempts to atone for perceived regulatory failures.
Elder Statesman of Economics
Remains influential commentator on economic issues. His opinions are still widely sought after.
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Last updated: February 25, 2026