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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.
upi.comAlan 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.
nbcnews.comVice President JD Vance said Monday that Iran agreed to resume U.N. nuclear watchdog operations. Iran's foreign ministry denied any new commitments from the 18-hour Switzerland meeting.
keeptalkinggreece.comA technical accident at the Barzan local gas supply facility in Ras Laffan killed 13 workers and injured 66 others on Sunday night. Qatar's energy minister said the blast was not sabotage and would not affect exports.
The U.S. Treasury Department issued a general license allowing the production, delivery and sale of Iranian-origin crude oil, petrochemical products and petroleum products. The license remains valid through August 21.