Former Federal Reserve Chair Alan Greenspan, one of the most influential figures in modern finance, has died at the age of 100.
Alan Greenspan, who led the US Federal Reserve from 1987 to 2006, has died at the age of 100. His wife, NBC News correspondent Andrea Mitchell, said he died from complications related to Parkinson’s disease.
Greenspan served under presidents from both major political parties and oversaw one of the longest periods of economic growth in US history. During his nearly two decades at the Federal Reserve, he became one of the most powerful voices in global finance, influencing interest rates, inflation policy and economic stability.
Widely credited for guiding the US economy through major financial shocks, including the 1987 stock market crash and the dot-com era, Greenspan was also criticised for policies that some economists believe contributed to the 2008 global financial crisis.
Born in New York in 1926, Greenspan began his career as a musician before becoming an economist. He received the Presidential Medal of Freedom and an honorary knighthood from Queen Elizabeth II for his contributions to economic policy.
Alan Greenspan’s legacy remains one of the most debated and influential in the history of modern economics.