Greenspan’s legacy: From irrational exuberance to 2008 crisis (opens original article in a new tab)

Tributes to former Federal Reserve Chairman Alan Greenspan highlight his role in controlling inflation and shaping the Fed's communication, though his legacy is complicated by the 2008 financial crisis.

• Former Federal Reserve Chairman Alan Greenspan's legacy is marked by his focus on inflation control and economic changes during his 18-year tenure.
• Greenspan's leadership saw the S&P 500 nearly quadruple, with annual returns above 10% during his time in charge.
• His tenure included the 2008-09 global financial crisis, which has cast a shadow over his legacy despite his contributions to the Fed's communication and policy.