Alan Greenspan, the former chairman of the Federal Reserve whose 19-year tenure defined modern American monetary policy, has died at the age of 100.
The Federal Reserve confirmed the news on Monday, marking the end of an era for one of the most influential figures in global finance.
Greenspan served as the 13th Chairman of the Board of Governors from 1987 to 2006, appointed by President Ronald Reagan and subsequently reappointed by three successors.
His time at the helm covered a period of significant economic transformation, including the stock market crash of 1987, the tech-driven expansion of the late 1990s, and the financial turbulence of the early 2000s.
Markets are reflecting on a career that shaped the trajectory of US interest rates and global liquidity.
Greenspan’s approach to monetary policy, often characterized by a reliance on market signals and a cautious stance on regulation, remains a subject of intense debate among economists and traders.