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.
His passing was confirmed by his wife, journalist Andrea Mitchell, who notified NBC News of the death.
Greenspan died at his home in New York on Monday.
Greenspan’s tenure at the Fed, spanning from 1987 to 2006, defined an era of monetary policy characterized by low inflation and steady growth, earning him the nickname “the Maestro.” He guided the US economy through the 1987 stock market crash, the dot-com bubble, and the early stages of the 2008 financial crisis.
His approach to interest rates and deregulation remains a subject of intense debate among economists and policymakers today.
The death of such a prominent figure in US economic history is likely to prompt reflections on the evolution of monetary policy.