Ex-US Fed Reserve chair Greenspan’s century of impact on markets, money

Former Fed Chairman, Alan Greenspan, speaks during the SIFMA annual meeting in New York on October 23, 2012.

Photo credit: Reuters

Alan Greenspan never set interest rates for Kenya. Yet for nearly two decades, the price of the shilling moved in the shadow of decisions made at the US Federal Reserve. When Greenspan spoke, currencies shifted, capital moved, and markets around the world paid attention.

His death this week at 100 is, therefore, not merely the passing of a former policymaker. It is an occasion to reflect on a man whose influence reached far beyond the US.

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