Current Affairs — 22 June 2026

📖 Explanation

Alan Greenspan was appointed Fed Chair by President Ronald Reagan in 1987. He went on to serve under four consecutive presidents — Reagan, George H.W. Bush, Clinton and George W. Bush — for more than 18 years. The US Federal Reserve is the central bank of the United States, responsible for monetary policy and maintaining price stability. Greenspan's long tenure made him one of the most influential figures in global finance during the late 20th and early 21st centuries.

📖 Explanation

Andy Burnham, a senior figure associated with Labour's soft-left, is expected to become the new Labour leader and UK Prime Minister following Keir Starmer's resignation on 22 June 2026. Starmer had won the July 2024 general election with a landslide, ending 14 years of Conservative rule, but his support eroded due to Labour losses in local and regional polls and the rise of far-right populist parties such as Reform UK. Burnham's byelection win was a key event that accelerated Starmer's departure.