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.
The influential economist passed away on Monday, marking the end of an era for one of the most consequential figures in modern financial history.
Greenspan’s tenure at the Fed, spanning from 1987 to 2006, was defined by his role in navigating the US economy through significant global shifts, including the fall of the Berlin Wall, the tech boom, and the dot-com bubble.
His approach to monetary policy, often characterized by a reliance on market signals and a cautious stance on inflation, shaped the regulatory and economic landscape for decades.
Before his appointment to the Federal Reserve, Greenspan had a different career trajectory.
Born in New York in 1926, he initially pursued music, studying clarinet at the prestigious Juilliard School starting in 1943.