Alan Greenspan is a well-known American economist who served as the 13th Chairman of the Federal Reserve. Alan Greenspan is well-known for his second-longest tenure as Chairman of the Federal Reserve, from 1987 to 2006.
Alan Greenspan: Biography, Age, Nationality, Parents
Alan Greenspan was born on March 6, 1926, and is now 95 years old. He was born in New York City’s Washington Heights neighborhood under the sign of Pisces. His father’s name is Herbert Greenspan, and his mother’s name is Rose Goldsmith.
His father had Romanian Jewish ancestors, and his mother had Hungarian Jewish ancestors. Following his parents’ divorce, he resided with his mother and maternal grandparents. In addition, his father worked as a stockbroker and market analyst in New York City.
In terms of schooling, he graduated from George Washington High School in 1943. He was a classmate of John Kemeny at this school from 1940 until 1943.
This individual also played clarinet and saxophone with Stan Getz. He completed his schooling by studying clarinet at the Juilliard School. He was a student at this university from 1943 to 1944. Leonard Garment was also a part of Woody Herman’s band.
In 1945, he enrolled at New York University’s Stern School of Management. He went on to achieve a B.A. in economics summa cum laude in 1948 and an M.A. in economics in 1950.
He went on to study advanced economics at Columbia University under Arthur Burns. He later left Townsend-Greenspan & Company due to rising demand for his services. He also received a Ph.D. in economics from New York University in 1977.
Height and Weight
Alan Greenspan stands 5 feet 10 inches, 180 centimeters, or 1.8 meters tall. Likewise, his weight is at 84 kg. Aside from that, no information is available on the economist’s extra body measures, such as chest, waist, and hip measurements, dress size, shoe size, and biceps. This personality also has brown eyes and brown hair.
Career
Alan Greenspan is a well-known professional economist. He was the twelfth chairman of the Federal Reserve in America, serving five terms from 1987 to 2006. He also owns Greenspan Associates LLC, through which he works as a private adviser and provides business consulting.
President Ronald Reagan nominated him head of the Federal Reserve in August 1987. This individual was reappointed every four years until his resignation on January 31, 2006. He held the post indicated above for the second-longest duration. Only William McChesney Martin had a lengthier tenure.
Democratic leaders in Congress scolded him for politicizing his position. They claim he did so because he supports privatizing Social Security and tax cuts. Many others also believe that the Federal Reserve’s easy-money policies during his tenure played a key role in the dot-com bubble and subprime mortgage crisis. The Greenspan put is another example of easy-money policy.
Nonetheless, he claims that the housing bubble was not caused by low short-term interest rates. Instead, it was a global phenomena caused by the gradual drop in long-term interest rates. Furthermore, according to this economist, it was a direct result of the relationship between “high savings rates in the developing world and their inverse in the industrialized world.”
Net Worth and Salary
Going on, this economist’s net worth is expected to be around $20 million US dollars as of February 2023.
Alan Greenspan: Marriage, Wife
Alan Greenspan is a parent and a husband. His wife, Andrea Mitchell, is a well-known American journalist. They started dating in 1984. At the time, he was 58, and his lover was 38. In 1997, the couple married. It was carried out by Supreme Court Judge Ruth Bader Ginsburg.
Before, he was married to Joan Mitchell. In 1952, he married his first wife, a Canadian artist. Mitchell and Greenspan’s marriage, on the other hand, was declared null and void less than a year later. Following that, he dated Barbara Walters in the late 1970s. Barbara works as a journalist.
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