Former Federal Reserve Chairman Alan Greenspan dies at 100
Summary
Alan Greenspan, who led the U.S. Federal Reserve from 1987 to 2006, died at age 100 from complications of Parkinson’s Disease. He guided the U.S. economy for nearly two decades, a period of growth that ended with the 2008 financial crisis, for which he later admitted some responsibility.Key Facts
- Alan Greenspan was the Federal Reserve Chairman for 18½ years, from 1987 to 2006.
- He died on a Monday at age 100 due to Parkinson’s Disease complications.
- Greenspan was married to NBC News correspondent Andrea Mitchell for 29 years.
- He was known as the “Oracle” and the “Maestro” for his influence on the U.S. economy and financial markets.
- His tenure saw a long economic boom and rising stock prices starting in 1991.
- The 2008 financial crisis occurred two years after he left the Fed, linked to housing market collapse.
- Greenspan later said he made a mistake trusting banks to regulate themselves.
- He enjoyed baseball, the Washington Commanders, tennis, golf, and jazz music.
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