Alan Greenspan, the former chairman of the Federal Reserve who served for 19 years under four US presidents, has died at the age of 100.
His passing was confirmed by his wife, journalist Andrea Mitchell, who notified NBC News of the news.
Greenspan’s death marks the end of an era for American economic policy, recalling a time when the Fed chair was widely regarded as one of the most powerful figures in global finance.
Greenspan’s tenure, spanning from 1987 to 2006, is often referred to as the 'Great Moderation' due to the relative stability in economic growth and inflation during his watch.
However, his legacy remains complex, particularly given the financial crisis that unfolded shortly after his departure.
Critics argue that his deregulatory stance contributed to the housing bubble, while supporters credit him with navigating the economy through numerous shocks, including the 1987 stock market crash and the dot-com bubble.