Former Federal Reserve Chairman Alan Greenspan (1987–2006) also served as chairman of the Federal Open Market Committee. From 1954–1974 and 1977–1987, he was chairman and president of Townsend-Greenspan & Co. From 1974–1977, he served as chairman of the President’s Council of Economic Advisors under President Gerald Ford and from 1981–1983 as chairman of the National Commission on Social Security Reform. Before his appointment to the Federal Reserve Board, Greenspan served as a director of numerous corporations, including J.P. Morgan & C., Mobil Corporation, General Foods Corp. and Capital Cities/ABC. He was a term member of the Board of Trustees of the Rand Corporation, a member of the Board of Overseers of the Hoover Institution and vice chairman and trustee of the Economic Club of New York. He is the author of "The Age of Turbulence: Adventures in a New World" and "The Map and the Territory: Risk, Human Nature and the Future of Forecasting 2.0." He received his Bachelor of Science in economics summa cum laude, Master of Arts and Ph.D. from New York University.