Greenspan’s Legacy, From Irrational Exuberance to 2008 Crisis
Bloomberg 2026-06-23 15:30:35
Context: Former Federal Reserve Chairman Alan Greenspan passed away, prompting tributes from former colleagues and market players who worked with him during his 18-year tenure. Greenspan's legacy is marked by significant events, including the "irrational exuberance" and the 2008 financial crisis. His influence on the Federal Reserve continues to be felt beyond his time at the central bank.
Key Facts
- Alan Greenspan served as the Chairman of the US Federal Reserve for 18 years, a period marked by significant economic events that shaped his legacy.
- Greenspan's tenure was characterized by the phenomenon of "irrational exuberance," a term he coined to describe excessive speculative enthusiasm in the market.