Longtime US Federal Reserve chairman did little to clamp down on excessive lending ahead of the global financial crisis

Financial historian James Grant had a withering look at Alan Greenspan’s epic run at the Fed just before he stepped down in 2006—and a few short years before the Great Recession.

Alan Greenspan oversaw the US Federal Reserve for nearly two decades from 1987 until 2006. Critics argue that his policies contributed to the Global Financial Crisis of 2008.

Alan Greenspan, hailed as the greatest Federal Reserve chairman when he retired in 2006 but derided for a severe financial crisis that followed bar...

Alan Greenspan’s reputation as head of the US Federal Reserve was legendary — not least because of his reputation for convoluted statements. However, the 2008/9 financial crisis…

Alan Greenspan’s reputation as head of the US Federal Reserve was legendary — not least because of his reputation for convoluted statements. However, the financial crisis took a…

WASHINGTON — Alan Greenspan, the longtime United States Federal Reserve (Fed) chief who presided over an unprecedented period of American economic expansion but was later faulted…

Longtime US Federal Reserve chairman did little to clamp down on excessive lending ahead of the global financial crisis

Financial deregulation was a key theme of the free market ethos of the time

Longtime US Fed chair presided over long period of growth but also played a part in creating conditions for global financial crisis

Explore Alan Greenspan's controversial legacy as a central banker whose policies shaped the economy, leading to both moderation and crisis.