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The Atlantic | Alan Greenspan Was ‘Not Quite God’ by Annie Lowrey
AI generated summary, Read the full article for complete information.
Alan Greenspan, who died at 100, shaped the Federal Reserve’s reputation for independence and stability during his 1987‑2006 tenure, steering the economy through Black Monday, the early‑1990s recession, the dot‑com bubble and the Asian financial crisis while fostering a prolonged period of price stability and “great moderation” that bolstered public confidence; his understated, sometimes cryptic communication earned him a semi‑mythic “not quite God” status, but his faith in lightly regulated markets left the Fed vulnerable to the 2008 crisis his successor Ben Bernanke inherited, and although later chairs such as Jerome Powell acted decisively during COVID‑19, the era’s growing anti‑institutional sentiment and partisan politics now threaten the very independence Greenspan fought to preserve.
Read more: https://www.theatlantic.com/ideas/2026/06/alan-greenspan-fed-independence/687687/?utm_source=feed
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