Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization and tax cuts. Although he was subdued in his public appearances, favorable media coverage raised his profile to a point that several observers likened him to a "rock star". Greenspan came to the Federal Reserve Board from a consulting career. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position (behind William McChesney Martin). He works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. Alan Greenspan ( / ˈ æ l ə n ˈ ɡ r iː n s p æ n/ born March 6, 1926) is an American economist who served five terms as the 13th chair of the Federal Reserve in the United States from 1987 to 2006.
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