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 powerful 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 savings and loan crisis, the dot-com bubble, and the early stages of the housing market expansion.
His approach to monetary policy, often characterized by a preference for data-driven decisions and a reluctance to intervene preemptively, shaped the expectations of markets and policymakers for nearly two decades.
The former chairman’s death comes shortly after he celebrated his 100th birthday.
Greenspan’s legacy remains a subject of intense debate among economists and market participants.