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.
The influential economist passed away on Monday at his home, with reports citing complications from Parkinson’s disease as the cause of death.
Greenspan served under four US presidents, guiding the central bank through periods of significant economic expansion and the 2008 financial crisis.
His leadership defined an era of monetary management that continues to influence current policy debates and market expectations regarding the Fed’s role in stabilizing the economy.
The news marks the end of an era for one of the most recognizable figures in global finance.
While his tenure was marked by both praise for his steady hand and later criticism regarding pre-crisis regulatory oversight, his impact on the structure of US interest rate policy remains profound.