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, which spanned from 1987 to 2006, was defined by his efforts to navigate the US economy through periods of significant volatility, including the stock market crash of 1987 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 global financial markets for nearly two decades.
The news comes as the Federal Reserve continues to undergo significant leadership transitions.
Federal Reserve Governor Stephen Miran recently submitted his resignation, signaling his support for Kevin Warsh as the incoming chair.