Alan Greenspan, former Chairman of the U.S. Federal Reserve, has died at age 100 after battling Parkinson's disease. He left a powerful legacy in monetary policy, despite later criticism following the 2008 global financial crisis. Tags: [Alan Greenspan, Federal Reserve, monetary policy, Parkinson's disease, financial crisis, legacy]
On 23 June 2026 GMT+7, Alan Greenspan, former Chairman of the U.S. Federal Reserve, who played a crucial role in shaping U.S. monetary policy and was regarded as one of the world's most influential economists, died at the age of 100.Tags: [Alan Greenspan, Federal Reserve, U.S. monetary policy, economist, death]
Andrea Mitchell, Mr. Greenspan’s wife, revealed that he passed away at their home on Monday due to complications from Parkinson’s disease.Tags: [Andrea Mitchell, Alan Greenspan, Parkinson's disease, death]
Greenspan was born in 1926 in New York City, just a few years before the Great Depression hit the United States. He was appointed by President Ronald Reagan as Chairman of the Federal Reserve in 1987.Tags: [Alan Greenspan, birth, New York City, Great Depression, Ronald Reagan, Federal Reserve]
He was subsequently trusted to continue serving under three more presidents: George H. W. Bush, Bill Clinton, and George W. Bush, holding the position for a total of 18 years until 2006. Shortly after taking office, he faced the 1987 U.S. stock market crash. He then led the Federal Reserve through multiple economic recessions, the 1997 Asian financial crisis, and the September 11, 2001 terrorist attacks.Tags: [Alan Greenspan, Federal Reserve, U.S. presidents, stock market crash, economic crises, Asian financial crisis, 9/11]
Greenspan was hailed as one of the greatest economic statesmen of all time. However, following the 2008 global financial crisis, many scholars and experts criticized his monetary policies, believing that lax financial oversight and prolonged low interest rates contributed to the housing bubble and triggered the subprime mortgage crisis.Tags: [Alan Greenspan, economic statesman, criticism, 2008 financial crisis, monetary policy, housing bubble, subprime crisis]
The Federal Reserve issued a statement expressing condolences, stating that Greenspan’s work and contributions in monetary policy and economic thought have laid a foundational and enduring impact on the institution, the field of economics, and the United States.Tags: [Federal Reserve, Alan Greenspan, statement, legacy, economics, United States]