Alan Greenspan shaped global central banking during nearly two decades at the US Federal Reserve
His tenure was marked by low inflation, steady growth and limited macroeconomic turbulence
Greenspan helped make Fed communication more open, beginning with rate announcements in 1994
Critics argue easy liquidity and market support under Greenspan contributed to later financial excesses
Success in managing inflation and unemployment often came at the cost of regulatory vigilance
Greenspan’s reflections underscored India's need for faster reforms and sustained long-term growth