Alan Greenspan
is arguably the most influential think-thank to ever persuade the Federal
Reserve’s Board of Governors. Among his
most notable decisions as member of the Board of Governors from 1987 to 2006
included those that pertain to inflation, interest rates and issues that have
direct effects on the US
housing market.
Before President
Ronald Reagan appointed him to the Federal Reserve, he has helped a lot of
other companies in a capacity of director, such as J. P. Morgan & Co.,
Automatic Data Processing Inc., Morgan Guaranty Trust Company of New York, and
General Foods Inc. among others.
During
Greenspan’s stint as Chairman of the Federal Reserve, the US went through a
difficult economic crisis which included the stock
market crash of the 1980s.
Greenspan was a
recipient of the Presidential Medal of Freedom after serving five terms as
Chairman. He went into consulting after the end of is fifth term in January of
2006.
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