Former Fed Chair Alan Greenspan Dies at 100
Critics later blamed his low-rate, light-touch approach for helping set the stage for the 2008 financial crisis.
- On Monday, June 22, 2026, former Federal Reserve Chairman Alan Greenspan died at age 100 at his Washington, D.C. home from complications of Parkinson's disease, his wife, NBC News correspondent Andrea Mitchell, said.
- President Ronald Reagan appointed Greenspan to lead the Federal Reserve in 1987, where he served five terms until 2006, earning the nickname 'the Maestro' for guiding the U.S. through sustained economic growth and the 1987 market crash.
- Greenspan famously employed 'Fedspeak,' an intentionally cryptic language, to manage market expectations without providing direct policy guidance; his 1996 warning about 'irrational exuberance' sent global stock markets lower.
- The 2008 financial crisis prompted widespread criticism of Greenspan's hands-off regulatory approach; in congressional testimony, Greenspan admitted he had 'found a flaw' in his belief that banks could effectively self-regulate.
- Mitchell remembered him as 'a giant of a man' who was 'honest in acknowledging his mistakes,' reflecting a legacy of celebrated economic stewardship mixed with criticism linked to the Great Recession.
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Alan Greenspan, long-serving US Fed chair, dies at 100
Alan Greenspan, the former chairman of the Federal Reserve who served during the pinnacle of US economic power, died on Monday at 100. The self-taught economist became chair in 1987, overseeing the longest economic boom on record and fiercely defending the central bank’s independence with laissez-faire theory and a “temperament for navigating relentless political pressure,” The Wall Street Journal’s chief economics commentator noted. He was also…
Alan Greenspan, longtime Fed chairman who inspired Jewish pride and antisemitic conspiracy theories, dies at 100
WASHINGTON – Alan Greenspan, the free markets champion whose longevity shaping the American economy was grist for the mills of Jewish pride and antisemitic conspiracy mongering alike, has died at 100. Greenspan, who led the Federal Reserve under presidents of both parties for 18 years, died Monday, according to a statement by his widow, veteran NBC correspondent Andrea Mitchell. “Alan passed away at our home this morning at the age of 100 from c…
This American finance giant will have presided over the Fed for 18 years: he experienced the financial crash of 1987 and the bursting of the Internet bubble.
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