Alan Greenspan, who steered the Federal Reserve through both boom and crisis, dies at 100
View original at finance.yahoo.comAlan Greenspan, who steered the Federal Reserve through both boom and crisis, dies at 100 Alan Greenspan, the professional economist who presided over the Federal Reserve during nearly two decades of boom and bust, died on Monday…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
The Federal Reserve sets policy for the world's largest economy, and other central banks defer to or calibrate their decisions against the Fed's, which exerts enormous sway over asset prices around the world
60% confidenceGreenspan described himself as a reluctant decision-maker, a dynamic solidified by the aftermath of Sept. 11, when the Bush administration called upon his expertise to forge a policy response
60% confidenceGreenspan never felt entirely comfortable being cast as the person who calls the shots; viewed himself as an expert behind the scenes, an implementer of orders rather than the leader
60% confidenceThe stock market crisis of 1987 (Black Monday) made Greenspan feel comfortable making critical policy decisions, but he remained ill at ease in the spotlight and described himself as not an extrovert
60% confidence