Influential economist Alan Greenspan who led Federal Reserve for nearly two decades dead at 100
Alan Greenspan, Former Federal Reserve Chairman, Passes Away at 100
Alan Greenspan, the influential economist who led the Federal Reserve for nearly two decades and became one of the most powerful figures in global finance, passed away on Monday morning at the age of 100.
His wife, veteran NBC News journalist Andrea Mitchell, confirmed that Greenspan died from complications of Parkinson’s disease. The couple, married since 1997, had been together for almost thirty years.
Greenspan served as Fed chairman from 1987 to 2006, working under four different presidents — Ronald Reagan, George H.W. Bush, Bill Clinton, and George W. Bush.
During his time as chairman, Greenspan navigated the US economy through various significant events, such as the 1987 stock market crash, the Asian financial crisis, the dot-com boom and bust, and the aftermath of the September 11 terrorist attacks.
Known for his enigmatic public statements, Greenspan rose to fame on Wall Street during the economic boom of the 1990s and earned the moniker “the Maestro.”
His cautionary remark about “irrational exuberance” in 1996 remains one of the most memorable phrases in recent economic history.
In his later years, Greenspan faced criticism from some economists who believed that policies implemented during his tenure contributed to the foundation of the 2008 financial crisis.
