world-economy

Greenspan's Fed Legacy Reassessed as Warsh Signals Rate Hike Ahead

Alan Greenspan's death at 100 has prompted fresh examination of his 19-year tenure as Federal Reserve chairman, a period marked by both celebrated monetary policy achievements and later criticism over his role in the 2008 financial crisis.

Greenspan led the central bank under four presidents and was initially regarded as among the most accomplished Fed chairs in history. His reputation faced significant revision following the worst financial downturn since the Great Depression.

Meanwhile, Kevin Warsh has signaled the Fed's readiness to raise interest rates later this year, keeping benchmark rates steady for now in his first rate decision as chairman. Warsh has expressed confidence that economic growth can accelerate in the coming period.