finance
Alan Greenspan, Federal Reserve Chair for 18 Years, Dies at 100
Alan Greenspan died Monday at his Washington home from complications of Parkinson’s disease. His wife of 29 years, Andrea Mitchell, confirmed the death. He led the central bank from 1987 to 2006.
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Alan Greenspan died Monday at his home in Washington at the age of 100. His wife of 29 years, Andrea Mitchell, confirmed the death and said it resulted from complications of Parkinson’s disease. The Federal Reserve issued a statement noting with deep sadness the passing of its former chair.
Greenspan served as the 13th chair of the Federal Reserve from 1987 to 2006. He was appointed by President Reagan and held the position under Presidents George H.W. Bush, Bill Clinton, and George W. Bush.
His 18-and-a-half-year term ranks as the second-longest in the central bank’s history. Born in New York City on March 6, 1926, Greenspan studied clarinet at Juilliard before earning bachelor’s, master’s, and doctoral degrees in economics from New York University.
He led the central bank through the 1987 stock-market crash, the 1997–1998 Asian and Russian financial contagion, the collapse of the dot-com bubble in 2000, and the economic aftermath of the September 11 attacks.
The Federal Reserve credited Greenspan’s leadership with a period of price stability, though his tenure later drew criticism for contributing to the conditions of the 2008 financial crisis. Mitchell noted his enthusiasm for baseball, the Washington Commanders, tennis, golf, and jazz.
