Dr Greenspan will advise the Chancellor on issues relating to global economic change.
Gordon Brown said:
“I am delighted that Dr Greenspan has agreed to be Honorary Adviser. His advice on issues relating to global economic change will be much appreciated.”
Mr Brown has spoken of Dr Greenspan as “not only one of the world’s most outstanding economic policymakers but the greatest economist of his generation” (The Times, Saturday 29 January).
Background
1. Dr Greenspan stepped down as Chairman of the Federal Reserve Board after attending his final Federal Open Markets Committee on Tuesday after nearly 19 years of service.
2. It is envisaged that the Chancellor and Treasury will draw on Dr Greenspan’s advice on mutually agreed themes relating to changes in the global economy.
3. Last Thursday the Chancellor announced a series of global economic forums with world business leaders on the following issues: financial services, digital electronics, science, education, health care and modern manufacturing.
4. All Media enquiries should be addressed to Alex Dawtrey in the Treasury Press Office on 020 7270 5238.
5. Non-media enquiries should be addressed to the Treasury Correspondence and Enquiry Unit on 020 7270 4558 or by e-mail to public.enquiries@hm-treasury.gov.uk
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