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 by his wife, journalist Andrea Mitchell, who notified NBC News on Monday.
Greenspan’s tenure as Fed chairman, spanning from 1987 to 2006, was one of the longest in the central bank’s history.
He guided US monetary policy through significant economic shifts, including the dot-com bubble burst and the early stages of the housing market expansion that preceded the 2008 financial crisis.
The former chairman’s legacy remains a subject of intense debate among economists and policymakers.
While credited with maintaining low inflation and steady growth for much of his term, he also faced criticism for his role in the financial crisis, particularly regarding his deregulatory stance and his testimony before Congress in 2008, where he admitted his model of how the world worked had failed.