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 death was confirmed on Monday by his wife, journalist Andrea Mitchell, according to US media reports citing a family statement.
Greenspan’s tenure as Fed chair, spanning from 1987 to 2006, made him one of the most powerful and scrutinized figures in global finance.
He guided the US economy through the 1987 stock market crash, the dot-com boom and bust, and the early years of the 2008 financial crisis.
His approach to monetary policy, often characterized by a preference for data-dependent decision-making and a reluctance to intervene preemptively, shaped market expectations for decades.
While Greenspan’s legacy is complex—praised for his steady hand during periods of volatility but later criticized for his role in the housing bubble and the financial crisis—his influence on the structure of modern central banking remains undeniable.