Alan Greenspan (born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private advisor and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006 after the second-longest tenure in the position.
Greenspan was born in the Washington Heights area of New York City. His father Herbert Greenspan was of Romanian-Jewish descent and his mother Rose Goldsmith of Hungarian-Jewish descent.
Greenspan attended George Washington High School from 1940 until he graduated in June 1943, where one of his classmates was John Kemeny. He played clarinet and saxophone along with classmate Stan Getz. He further studied clarinet at the Juilliard School from 1943 to 1944. Among his bandmates in the Woody Herman band was Leonard Garment, Richard Nixon's Special Counsel presidential special counsel. In 1945 Greenspan attended New York University where he earned a B.S. degree in economics summa cum laude in 1948 and an M.A. degree in economics in 1950. At Columbia University, under the tutelage of Arthur Burns, he pursued advanced economic studies but dropped out.