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, which spanned from 1987 to 2006, defined the landscape of US monetary policy during a period of significant economic expansion and structural change.
His leadership guided the central bank through major market events, including the stock market crash of 1987 and the dot-com bubble, shaping the regulatory and interest-rate environment that influenced global markets for decades.
While his legacy is complex, with later scrutiny regarding the housing market bubble and the 2008 financial crisis, Greenspan’s impact on the Federal Reserve’s role in the global economy remains profound.
His approach to monetary policy, often characterized by a focus on inflation targeting and market flexibility, set precedents that subsequent chairmen have navigated and adapted.