Independent financial advisor Barry M. Kornfeld has spent over 25 years successfully helping retirees with tax, growth and income, as well as estate planning. Committed to continuing his professional education, Barry Kornfeld has attended lectures by some of the country’s leading financial experts, including former Chairman of the Federal Reserve, Alan Greenspan.
In 1987, Congress confirmed Alan Greenspan as Chairman of the Board of Governors of the Federal Reserve. The first person to be appointed to five consecutive terms in this role, Greenspan served from 1987 to 2006, a tenure that spanned four different presidential administrations. Many respected him for his knowledge of monetary policy and how it affected the economy, and he had a reputation for being an inflation hawk, primarily concerned with how interest rates affect fiscal policy. When the Dow Jones suffered an unprecedented loss of 508 points in 1987, his decisive actions earned credit for stabilizing the markets.