Alan Greenspan, the US Federal Reserve chief who served four presidents and was hailed as the architect of the modern American economy
Alan Greenspan, the US Federal Reserve chief who served four presidents and was hailed as the architect of the modern American economy, died Monday at age 100.
The influential economist spent more than 18 years heading the US central bank, overseeing unprecedented economic growth, but he was later criticised for fostering conditions that led to the 2008 global crisis.
“Under his leadership, the Federal Reserve achieved a sustained era of price stability that supported economic growth and helped anchor the public’s confidence in the institution,” the central bank said in a statement.
Greenspan’s wife, Andrea Mitchell, a veteran correspondent with NBC News, said in a statement that he passed away from complications of Parkinson’s disease.
