How Alan Greenspan’s stint as President Ford’s top economic adviser cemented his passion for public service and prepared him to lead the Fed

The Fed chair who served under five US presidents was more practical and less ideological than his detractors claimed.

By: Simon Bowmaker, New York University and Paul Wachtel, New York University, The Conversation

Outlets: The Conversation

Published: June 23, 2026

Words: 1,347

Last Updated: 4 weeks, 1 day ago


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By Simon Bowmaker, New York University and Paul Wachtel, New York University

Alan Greenspan, who died on June 22, 2026, at the age of 100, is best remembered for his 18 years at the helm of the Federal Reserve. What many people don’t know is that an earlier and more obscure stint during the administration of President Gerald Ford shaped him as a public servant.

As professors of economics, we haven’t just covered Greenspan’s …

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