Maestro: one-time jazz musician Alan Greenspan has conducted the economic orchestra with a combination of facts and intuition, producing a melody of stability and prosperity.(stepping down from Federal Reserve Board)

ABA Banking Journal, November, 2005 by Milligan, Jack

On Jan. 31, 2006, Alan Greenspan will step down as chairman of the Federal Reserve after more than 18 years on the job. It would be an understatement to say that America has prospered under his leadership. Indeed, Greenspan leaves behind a brilliant legacy as probably the greatest Fed chairman ever. His predecessor--Paul Volcker, who rescued the nation from crippling inflation in the 1980s--deserves mention as well. But under Greenspan, the United States has enjoyed one of the longest periods of economic growth and price stability in its history. Only two relatively short recessions occurred on his watch--and the second one, in 2001, was so brief that it was over practically before it began.

"Alan Greenspan, without doubt, is the best and most successful...

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