Alan Greenspan, the former President of the Federal Reserve, has died at the age of 100, according to several US media outlets citing his family. The economist, who served as Chair of the Federal Reserve under four US presidents, was one of the longest-serving chairs in US history.
His tenure spanned the so-called “Great Moderation”-a period of stability from the mid-1980s until 2007, marked by low inflation, strong stock market performance, and robust economic growth. However, his time in office was also punctuated by major financial events, including the 1987 stock market crash and the bursting of the dot-com bubble in the early 2000s.
Greenspan’s legacy remains controversial, particularly concerning the 2008 Global Financial Crisis and the resulting Great Recession. While the economic collapse occurred after he stepped down as Fed Chair in early 2006, some critics hold him responsible for the crisis, blaming his “loose monetary policy” in the years leading up to the crash.
