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Simon Bowmaker, Distinguished Clinical Professor of Economics, New York University

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

Alan Greenspan, seated left, said working for President Gerald Ford, sitting next to him, was more interesting than helming the Fed. AP Photo

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 legacy for our students. We also knew him personally, in different capacities: One of us interviewed him in 2016 for a book on public service, and the other was present as a young professor when Greenspan defended his dissertation at New York University in 1977.

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