Name: alan greenspan.
Year of birth: 1926
Place of birth: new york, USA
Education: extensive knowledge of economics.
Position: Chairman of the Federal Reserve.
A brief introduction to Greenspan's life:
1926 was born in new york on March 6th.
65438-0948, obtained a bachelor's degree in economics from new york University.
Master of Economics from 65438 to 0950,
1977 received a doctorate in economics.
From 1954 to 1974, from 1977 to 1987, he successively served as the chairman and president of new york Industrial Consulting Company (Thomson-Greenspan Company).
From 65438 to 0970, he served as an adviser to the President's Council of Economic Advisers.
Chairman from 1974 to 1977.
After 1977, he served as an adviser to the Congressional Budget Office and a director of General Cable Company, Morgan Company, General Food Company, Mohsen Trust Company and Pegasus Company.
198 1 year as a member of the president's Council of Economic Advisers.
198 1 to 1983 chairman of the national social insurance reform commission.
1982 member of the president's foreign intelligence advisory Committee.
1987 was appointed chairman of the board of directors of the Federal Reserve by President Reagan in August.
1991July, President Bush appointed Greenspan to continue to serve as the chairman of the Federal Reserve Board.
1996 In February, President Clinton nominated him for re-election as chairman of the Federal Reserve Board of Directors, and on June 20th, the Senate overwhelmingly approved the nomination. Greenspan is also the chairman of the Federal Open Market Committee.
On June 4, 2000, President Clinton re-appointed him as the chairman of the Federal Reserve, and on June 20 of the same year, he took up this position for the fourth time.
On May 18, 2004, US President George H.W. Bush nominated him to continue as chairman of the Federal Reserve. On June 17 of the same year, the US Senate approved Bush's nomination. On June 19, Greenspan was sworn in and began his fifth term.
1In July 1998, Greenspan was awarded the American Peacemaker Award.
In August 2002, the Queen of England awarded Greenspan the honorary title of "Jazz" in recognition of his "outstanding contribution to global economic stability".
Greenspan likes puns, music and sports. I dream of becoming a professional musician. After dropping out of the famous Juilliard School in new york, I played saxophone in a fashionable nightclub under the Paramount Theatre in new york Times Square.
1952 married the painter Joan Mitchell. After the divorce.
1in April, 997, he married Andrea Mitchell, a reporter of NBC television who was 20 years younger than him.
In addition, he has visited China many times.
Personal life story:
Financial comments: "When Greenspan opens his mouth, global investors will prick up their ears", "When Greenspan sneezes, global investors will catch a cold" and "Idiot! It doesn't matter who the president is, as long as Allen is the chairman of the Federal Reserve "-this is a slogan that appeared on the cover of Fortune magazine on the eve of the American election in 1996. The so-called "Allen" refers to alan greenspan, who has been the chairman of the Federal Reserve since 1987.
On the fourth day after the beginning of the new millennium, President Clinton chose to reappoint Greenspan as the chairman of the Federal Reserve. Clinton's reason for continuing to appoint Greg is that Greg has fully demonstrated his three major specialties during his two and a half years as chairman of the Federal Reserve, namely, his professional skills, sophisticated analytical skills and his traditional common sense judgment.
The Senate approved the appointment in early February. Greenspan was 77 when he died. He set two records: one is the oldest chairman of the Federal Reserve in American history; Second, the longest-serving chairman of the Federal Reserve since its establishment 86 years ago.
Clinton's decision was not only immediately supported by the leaders of the two parties in Congress, but also unanimously welcomed by the economic, financial and major media. Of course, Clinton's nomination is also an affirmation of Greenspan's long-term leadership of US monetary policy. Many people believe that the long-term growth of American economy is largely due to Greenspan's interest rate policy. To some extent, he has surpassed the party and become the helmsman of the American economy.
Minister san huang-an official in power under three successive regimes.
As the central bank, the Federal Reserve Board of the United States is referred to as the "Federal Reserve Board". Since 19 13, the Federal Reserve Board has been controlling the money and credit in the United States, playing the role of "lender of last resort", adjusting the economy by using the three levers of open market business, discount rate of bank loans and statutory reserve ratio of financial institutions, aiming at "providing a safer, more stable and more adaptable monetary and financial system" for the United States.
Greenspan is very familiar with the position of chairman of the Federal Reserve Board of Directors. From 1978, Greenspan worked in this position for 12 years, which is extremely rare in American history. When the new president of the United States moved into the White House, the first thing he did was to replace all the cabinets with his own. From the Reagan administration to the Clinton administration, Greenspan, the "elder statesman of the three dynasties", was probably the only one who survived many personnel shocks in Washington officialdom.
1926, Greenspan was born in a financial family in new york, the only child in the family. He was brought up by his divorced mother when he was four years old. When he was a child, he showed unusual interest in music, but his father, a stockbroker, seemed to have a greater influence on him. Therefore, he was fascinated by numbers and often devoted himself to monetarism. /kloc-0 received a bachelor's degree in economics from new york state university in 1948, and/kloc-0 received a doctor's degree in economics from this university in 1977.
1954, young Greenspan joined Thomson Company in new york. Within five years, he owned half of the shares of the company, which was renamed as Thomson Greenspan Consulting Company and became the president. During that time, Greenspan made many friends and won the reputation of "the smartest securities company" on Wall Street. In the past 30 years, Greenspan not only gained an excellent reputation on Wall Street, but also frequently wandered around the officialdom in Washington, making full preparations for his transformation from a businessman to an official.
1987, when Federal Reserve Chairman Walker retired, Greenspan unexpectedly followed the trend and was appointed as his successor by President Reagan. In the history of the Federal Reserve, Greenspan's appearance suddenly seems redundant, because the chairman of the Federal Reserve has always been from the inside, and Greenspan has never served in the Federal Reserve before.
1988 1 on the eve of the stock market crash, Greenspan was ordered to keep calm in a crisis. At the beginning of his tenure, he met 1987 "Black Monday" in American stock market, and many investors even committed suicide in despair. Greenspan took it easy. His prescription at that time was to relax the money supply, stop the vicious development of the stock market and set the course of the American ship steadily. "Many Americans who once doubted his ability were overjoyed. Since then, they have formed an indissoluble bond with the position of chairman of the Federal Reserve.
Since then, Greenspan's "strange tricks" have been frequent. 1994, he raised interest rates again and again, which was regarded as "crazy". 1998 global financial crisis, we calmly responded and cut interest rates three times, which protected the United States from the financial crisis and finally contained the spread of the crisis. Time and time again, he was called "the God of Finance" by the coal body. Greenspan insisted on anti-inflation and dared to break through the shackles of economic theory. According to the traditional theory, the unemployment rate above 6% will lead to economic contraction, while the unemployment rate below 5% will lead to inflation. At present, the unemployment rate in the United States is only 4%, and the economy is still growing steadily. Another argument of the traditional theory is that overheating of the economy will inevitably lead to inflation, but he noticed that large-scale high-tech investment reduced production costs while improving productivity, so he spared no effort in promoting the new technological revolution. Bergstein, director of international economic research, called this Greenspan's "greatest historical contribution". He "not only changed the financial policy, but also changed our economy and future". As a result, the US economy was able to make a safe "soft landing".
Greenspan is always alert to the overheating of the American economy, and he will take measures to cool down as long as there are signs of overheating. He commanded the American economic giant to sail through the rough 1980s, which made the United States experience unprecedented economic prosperity in the 1990s. To this end, even harsh critics have to admit that in the past 25 years, no one has been more qualified to be the chairman of the Federal Reserve than Greenspan. According to statistics, among more than 400 American executives, the support rate for Greenspan is 97%. "National Watch" magazine said that the economy is like an army. No one is an all-powerful and invincible god on this battlefield, but Greenspan is a wise commander, and his judgment is more right than wrong, which is really hard to get. Many Americans say that Greenspan is "the second most influential figure in America" after his second son, President Clinton. There is a saying in the global financial circles: "When Greenspan opens his mouth, global investors will prick up their ears" and "When Greenspan sneezes, global investors will catch a cold", because his position is too sensitive, which doomed him to become the center of various storms.
From the outside, Greenspan is more like an old pedant. He always wears a dark suit and black-rimmed glasses, and he always speaks slowly and without any emotion. Investors on Wall Street make great efforts to study every speech of Greenspan, trying to capture even a trace from his words and sentences, but the result is always disappointing. Because Greenspan's speech is ambiguous, ambiguous. By Greenspan's own admission, I spent a lot of time trying to avoid this question because I was worried that I was too straightforward. Finally, I finally learned the "language of the Federal Reserve" and learned to be vague.
Interestingly, Greenspan also applied this "new language logic" to his love affair. He had a relationship with Andrea Michel, a senior reporter of the National Broadcasting Corporation, for 12 years. However, because of his habitual use of "too much suggestive" language, the clever female reporter could not understand his original intention and almost ruined a happy marriage. However, Michelle, who turned 50 in 1996, finally understood the kindness of 70-year-old Greenspan, and walked down the red carpet with him the following year, and finally got married.
For twelve years, Greenspan's daily life basically started at 5: 30 in the morning. He likes to soak in a bathtub full of hot water, then spend two hours reading all kinds of financial materials, and sometimes even bring wet materials to the office. Perhaps because he thinks everything he says and does is important, he puts a sign on his desk that says, "Take the money away from here". Turning on the computer on the desk, Greenspan can touch the artery of the global economy through the Internet, and his concern for the "new economy" of the United States also began here.