Former Fed Chair Alan Greenspan dies at 100

Alan Greenspan, the influential former Chairman of the U.S. Federal Reserve, has died at the age of 100. His wife, journalist Andrea Mitchell, announced his passing, stating that he died at their home due to complications from Parkinson's disease.

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Alan died this morning at our home at the age of 100 due to complications from Parkinson's disease.

Greenspan served as the head of the Federal Reserve for nearly two decades, from August 11, 1987, to January 31, 2006. During his tenure, he was reappointed by four different U.S. presidents, playing a pivotal role in shaping the American economy through his monetary policies and economic decisions.

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He was a giant who helped shape the U.S. economy for decades under presidents from both parties, but he was always honest about his mistakes.

Mitchell shared an emotional tribute, highlighting Greenspan's significant impact on the U.S. economy under both Republican and Democratic administrations. She described him as a "giant" who helped shape the economy for decades, while also noting his honesty in admitting his mistakes. Mitchell fondly recalled their first meeting in 1984 and his "irrational exuberance" for baseball, the Washington Commanders, tennis, golf, music, and particularly hunting.

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For me, he was the husband who shaped my life from our first date in 1984.

Greenspan is widely remembered for his intellectual prowess, kindness, and his famous phrase "irrational exuberance." He used this term in 1996 to describe the overvaluation in financial markets, a concept that subsequently entered economic literature and became a frequent reference point for assessing bubble risks in financial markets over the years.

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He had an 'irrational exuberance' for baseball, the Washington Commanders, tennis, golf, music, and especially hunting.