Alan Greenspan fueled America’s boom — and set a course for future prosperity
Alan Greenspan, who died at age 100, served as Federal Reserve Chairman from 1987 to 2006. During his tenure, inflation was kept near 2‑3% and the U.S. stock market experienced a multi‑decade bull run. The article argues that his policies of low inflation, fiscal restraint, and limited regulation contributed to sustained economic growth.
- ▪Alan Greenspan was appointed Fed chair by President Ronald Reagan in 1987 and remained in the role through the administrations of Bill Clinton and George W. Bush.
- ▪Under Greenspan, inflation averaged between 2% and 3%, and the S&P 500 returned roughly ninefold over his 19‑year tenure.
- ▪He warned investors in 1996 about "irrational exuberance" while the market continued to rise, driven by technology firms such as Apple, Amazon and Google.
- ▪The piece credits Greenspan’s emphasis on stable prices and reduced government deficits for the era’s balanced budgets and the dollar’s dominance as a global reserve currency.
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Opinion Alan Greenspan fueled America’s boom — and set a course for future prosperity By Stephen Moore Published June 22, 2026, 7:52 p.m. ET Former Federal Reserve Chairman Alan Greenspan has died at the age of 100. REUTERS/Yuri Gripas/File Photo See more of our coverage in your search results. Add The New York Post on Google Alan Greenspan, who died Monday at the age of 100, presided over a two-decade-long period of almost unprecedented American boom and economic dominance that’s now inaptly called “The Great Moderation.” His long tenure as chairman of the Federal Reserve Board offers invaluable economic lessons that today’s Fed would be wise to heed. President Ronald Reagan nominated Greenspan as Fed chair in 1987, during his second White House term.
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