Alan Greenspan, who died last week, was a central banker like no other. His fashion choices were more powerful than his word choices – a veritable Anna Wintour of monetary policy.He had a reputation for deft economic management. Between 1991 and 2001 he presided over the longest expansion the US had yet experienced. More generally, his 18-year tenure as chairman of the US Federal Reserve overlapped with a period of benign economic conditions later dubbed the “Great Moderation”.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Greenspan’s legacy was being in the right place at right time
While causes of the “Great Moderation” are debated to this day, it reflected global improvements in economic management and institutions more than the skills of one man.
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