Chicago Council on Global Affairs 6d ago

Alan Greenspan, who led the Federal Reserve for nearly two decades, died this week at the age of 100. "Greenspan's public life—beginning in the late '60s when he advised Nixon, ending in 2006 when he retired from the Fed on the eve of the financial crisis—those four decades, were the period of the making of modern finance," Sebastian Mallaby, author of 'The Man Who Knew: The Life and Times of Alan Greenspan,' told the Council in 2016. As chairman of the Federal Reserve, Greenspan largely elevated it above politics and presided over the metamorphosis of finance from the post-war rigid system to a relatively unfettered global leviathan.