Former Fed Chair Greenspan, Who Led for 19 Years, Dies at 100

Alan Greenspan, the former chairman of the U.S. Federal Reserve, has died at the age of 100. He passed away on March 22 (local time) due to complications from Parkinson's disease, as reported by CNN and other outlets.

Greenspan served as Fed chair from August 1987 to January 2006, a period of 19 years. During his tenure, he significantly elevated the status and influence of the central bank under four presidents: Ronald Reagan, George H.W. Bush, Bill Clinton, and George W. Bush. However, his legacy is marked by a dual assessment: credited with shaping the U.S. economy for decades, yet also criticized for fueling asset market bubbles that contributed to global financial crises.

His wife, NBC correspondent Andrea Mitchell, mourned his passing in a statement, describing him as a "titan" who played a key role in shaping the American economy for decades. She added that he was always honest about his mistakes.

Born in 1926 into a Jewish family in New York, Greenspan began his career teaching economics at New York University in the 1950s and also ran an economic consulting firm for 21 years. Shortly after taking the helm at the Fed in 1987, he navigated the stock market crash known as "Black Monday" in October of that year.

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He was a titan who helped shape the American economy for decades, but he always honestly admitted his mistakes.