Alan Greenspan is an American economist and was Chairman of the Board of Governors of the Federal Reserve of the United States from 1987 to 2006. Following his retirement as Fed chairman, the self-described “lifelong libertarian Republican ,” accepted an honorary (unpaid) position at HM Treasury in the United Kingdom.
First appointed Fed chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring after a record-setting tenure on January 31, 2006, at which time he relinquished the chairmanship to Ben Bernanke. Greenspan was lauded for his handling of the Black Monday stock market crash that occurred very shortly after he first became chairman, as well as for his stewardship of the Internet-driven, “dot-com” economic boom of the 1990s. However, this expansion culminated in a stock market bubble burst in March 2000 followed by a recession beginning in late 2000 and continuing through 2002. Source - http://en.wikipedia.org/wiki/Alan_Greenspan