Opinions differ on how strong Alan Greenspan will be as Chairman of the Federal Reserve. The Dow Jones Industrial Average has gained 22.6% so far in 2019, while the S&P 500 is up 20.2%. He has been called "a good consensus builder," a skill needed to manage the majority supply-side Reserve board. He shares Reagan's pro- deregulation views on banking issues and has excellent relations with White House Chief of Staff Howard Baker and Treasury Secretary James Baker. However, he must keep enough distance from the White House to avoid compromising the Fed's independence or drawing Congressional interference.
Opinions differ on how strong Alan Greenspan will be as Chairman of the Federal Reserve. He has close ties to the traditional wing of the Republican Party and is considered anti-supply-side. He has been called "a good consensus builder," a skill needed to manage the majority supply-side Reserve board. He shares Reagan's pro- deregulation views on banking issues and has excellent relations with White House Chief of Staff Howard Baker and Treasury Secretary James Baker. However, he must keep enough distance from the White House to avoid compromising the Fed's independence or drawing Congressional interference.