Alan Greenspan, the former chairman of the Federal Reserve whose 19-year tenure shaped modern American monetary policy, has died at the age of 100.
His wife, journalist Andrea Mitchell, confirmed the news in a statement, noting that Greenspan passed away at their home on Monday morning from complications related to Parkinson’s disease.
Critics argued that his deregulatory stance and low-interest-rate policies contributed to the housing bubble and subsequent market collapse.
Greenspan’s legacy remains a subject of intense debate among economists and market participants.
He was widely hailed as the greatest Fed chairman in history when he retired in 2006, credited with navigating the US economy through the dot-com bust and the early 2000s recession.
However, his reputation suffered significantly following the global financial crisis of 2008, which occurred just two years after his departure.
Critics argued that his deregulatory stance and low-interest-rate policies contributed to the housing bubble and subsequent market collapse.