Alan Greenspan, Former Federal Reserve Chair, Dies at 100
Alan Greenspan, architect of the modern American economy, dies aged 100
Alan Greenspan, the former chairman of the U.S. Federal Reserve, has died at age 100 from complications of Parkinson's Disease, according to his wife Andrea Mitchell, an NBC News correspondent.
Greenspan led the Federal Reserve from 1987 to 2006, overseeing nearly two decades of economic policy under presidents of both parties. During his tenure, he presided over the longest sustained period of U.S. economic growth in a generation. Known for his sparse public communication—a sign in his office read "the buck starts here"—Greenspan's statements carried significant weight with financial markets and media outlets.
While praised for acknowledging mistakes, critics argue his policies contributed to the dot-com bubble of the late 1990s and the 2008 subprime mortgage crisis.