Alan Greenspan

Greenspan, Alan (1926– ), U.S. economist. Greenspan served as chairman of the Council of Economic Advisers from 1974 to 1978, under Presidents Richard Nixon and Gerald Ford. He was appointed chairman of the Board of Governors of the Federal Reserve System (FRS) by President Ronald Reagan in 1987. Greenspan is credited with helping banks remain solvent during the New York Stock Exchange crash on Oct. 19, 1987.