American economist who served as chairman of the Federal Reserve (1987–2006).
The chairman of the Federal Reserve Board of Governors since 1987, when he was appointed by President Ronald Reagan to succeed Paul Volcker. Greenspan was a private economic consultant from 1954 until 1987, excluding a 3-year period when he was Gerald Ford’s chairman of the President’s Council of Economic Advisors. He chaired a bipartisan National Commission on Social Security Reform from 1981 until 1983.
Webster's New World Finance
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