Greenspan

Definition

Alan Greenspan served as the Chairman of the Federal Reserve of the United States from 1987 to 2006, playing a pivotal role in shaping U.S. monetary policy during significant economic periods such as the dot-com bubble and the early stages of globalization. His tenure is noted for its influence on international political economy, particularly through decisions affecting interest rates, inflation, and financial market regulation.

Related terms

Federal Reserve System: The central bank of the United States that regulates the U.S. monetary and financial system.

Monetary Policy: The process by which a government, central bank, or monetary authority manages the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

Dot: com Bubble - A period in the late 1990s characterized by rapid growth and investment in internet-based companies, leading to a market bubble that burst in 2000