Former US Federal Reserve Chairman Alan Greenspan dies at age 100
Summary
Alan Greenspan, former chairman of the US Federal Reserve, has died at age 100 from complications related to Parkinson’s disease. He led the Federal Reserve for over 18 years, overseeing a long period of economic growth, but his policies have also been linked to the 2007–2009 financial crisis.Key Facts
- Alan Greenspan served as Chairman of the Federal Reserve from 1987 to 2006.
- He was appointed by President Ronald Reagan.
- Greenspan managed early challenges such as the 1987 stock market crash.
- During his leadership, the US experienced a long economic boom starting in 1991.
- His tenure included handling the 1997-1998 Asian and Russian financial crises and the dot-com bubble burst in 2000.
- After leaving the Fed, the 2007-2009 financial crisis happened, with some blaming policies from Greenspan’s era.
- Greenspan admitted he was mistaken to trust that banks could regulate themselves without oversight.
- He passed away due to complications from Parkinson’s disease at the age of 100.
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