Essay About Alan Greenspan And President George W. Bush

Alan GreenspanEssay title: Alan GreenspanAlan Greenspan is one of the worlds most successful economists. He was born into a Jewish family in New York City on March 6, 1926. Mr.. Greenspan has accomplished many things. He is a known famous saxophone player who studied at Juilliard from 1943 to 1944. He received a bachelor degree in economics in 1948, a M.A. in economics in 1950, and a Ph. D. in economics in 1977, from the New York University. He has also studied at Columbia University.

Way back in June of 1987, President Ronald Regan nominated Mr.. Greenspan to succeed Paul Volcker. Right after the nomination, bond markets had the biggest one day drop in five years. People feared Alan Greenspan could not handle this, and obviously he proved them wrong. After his confirmation Mr.. Greenspan had to deal with his very first crisis, the 1987 stock market crash. He most influential speech on the stock market was his December 5, 1996 comment about (irrational exuberance and unduly escalating stock prices. This speech led Japanese stocks to fall 3.2%.

Before Alan Greenspans appointment to the Federal Reserve System Board of Directors, he served as a corporate director for Aluminum Company of America, the Automatic Data Processing Inc, The capital Cities/ABC Inc, General Foods Inc, J.P. Morgan & Co Inc, Morgan Guaranty Trust Company of New York, Mobil Corporation, and The Pittston Company. He was also Chairman of the Council of Economics Advisers under President Gerald Ford from 1974 to 1977. Then, on May 18, 2004 he was nominated by President George W. Bush to serve for a fifth term as Chairman of the Federal Reserve. He has been appointed to this not only by George W. Bush, but also by, Presidents Ronald Regan, George H. W. Bush, and Bill Clinton. by Alan Greenspan is our current Chairman of the Federal Reserve Board. Basically the Chairman of the Fed is responsible for helping to create all of the decisions concerning the flow of money that reaches the public. He is partially responsible for this non-stop

n of action leading to the collapse of the stock market. the Fed is the head of all of these activities.

This is my new job. It was my great pleasure to be able to serve on a panel of directors that I am proud to work with and the very special friendship that I still have with Alan Greenspan. As a former Federal Reserve vice president and Board chairman of the Federal Reserve Board the Chair shall be a member of the Federal Reserve Board for a term of six months, beginning July 1, 2017.

I’ve written a paper with Alan Greenspan on “What Money Can and cannot Do – A New History.” The piece is about the role of money in central banking and the relationship across time.
I wrote this for the New Deal Economic Review from 1981-86. This is a historical and current perspective of our current central bank, the Federal Reserve System. Alan worked as Chief Economist for the New York Stock Exchange between 1985 and 1987.
He did the same for Goldman Sachs in 1987 which was one of the most successful times in all of central banking history.
He is currently working with the Federal Reserve Bank of New York. Alan also helped to write the book Capital in the Twenty-First Century and is an adjunct professor at Columbia University.

Now, I’m joined by my first ever, former Chairman of the Board of Governors of the Federal Reserve System Board of Directors, Alan Greenspan who is making the final choices, and then the Chairman of New York’s Board of Governors – both of whom have been instrumental in creating the Federal Reserve System in American history and beyond. It’s exciting to work with Alan all these years.
Thanks again for being with us. I’m grateful for the opportunity to learn new material and gain new perspectives about the Fed. One of the reasons I came was that I think we do a good job of getting things moving through and talking about that. I’m trying to build my views into the world-wide agenda behind the Fed.
^{A lot of people are coming to the Federal Reserve to get a better understanding about the situation they’re in now and for the future as well. They’re concerned about where we are headed in terms of monetary policy but they realize the power of information. As far as the actual Fed – as you might expect, it’s just a bunch of people, which is what you usually see with the Federal Reserve. They’re all interested in what’s going on in Washington.}
You know what I mean. We’re not worried too much about the Federal Reserve. The job is just to push legislation through. So,

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