biography
| sex:
| male
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| lived:
| (1926– )
|
| biography:
| Businessman and government official. He studied at New York University, and became president and chief executive officer of Townsend-Greenspan and Co, New York City (1954–74, 1977–87). His consultancies include the US Treasury and Federal Reserve Board (1971–4). A long-time Republican, Greenspan was a member of the president's Council of Economic Advisors (1970–4), and its chair (1974–7) under President Gerald Ford, and he was also a member of the president's economic policy advisory board (1981–7). He became chairman of the governors of the Federal Reserve System in 1987, where his commitment to low inflation and conservative monetary policies made his name a byword for economic restraint. His leadership of the ‘Fed’ has been widely credited with sustaining the growth and prosperity in the American economy during the 1990s. He received an honorary knighthood in 2002. |
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