Alan Greenspan dies at 100 after decades shaping America’s economy

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyle(Reuters)Alan Greenspan, the influential U.S. Federal Reserve Chair for nearly two decades, passed away on Monday from complications of Parkinson’s Disease at the age of 100. During his tenure from 1987 to 2006, Greenspan was revered as the "Oracle" and "Maestro," overseeing a sustained era of American economic growth and prosperity, including a 10-year boom. He earned widespread credit for helping restore calm and stability during financial crises such as "Black Monday" in 1987 and the 1997-98 Asian financial crisis. Greenspan's legacy is complex, as his easy-money policies and unwavering faith in lightly supervised financial markets were widely criticized for contributing to the 2008 financial crisis, a mistake he later conceded. After stepping down, he remained active, running a consulting firm, writing books, and offering commentary, including criticizing actions by the Trump administration regarding the Federal Reserve's independence. In fullAlan Greenspan dies at 100: the Fed ‘Maestro’ who shaped America’s economy — and its biggest crisisThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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