Alan Greenspan is an American economist and former chairman of the Federal Reserve.
Greenspan’s policy was determined by the Great Moderation, or long-term maintenance of low, stable inflation and economic growth.
The expansionary “easy money” monetary policy attributed to Greenspan’s rule is partly blamed for fueling the 2000 dot-com bubble and the 2008 financial crisis.
Greenspan’s time as chairman began with the immediate task of dealing with the historic stock market crash of 1987.
Some see Greenspan as hawkish in their concerns about inflation. He was criticized for focusing more on price control than on achieving full employment.