Alan Greenspan, the former Federal Reserve chairman who shaped U.S. monetary policy for nearly two decades, has died at 100 from complications of Parkinson’s disease.
Alan Greenspan, the man markets watched like a hawk for nearly 20 years, has died at 100. His wife confirmed he passed from complications of Parkinson’s disease, according to CNN
Greenspan ran the Fed from 1987 to 2006 — through Black Monday, the dot-com bubble, and the shockwaves of 9/11 — serving four presidents along the way. Nicknamed “the Maestro,” his words alone could move global markets, most famously when he warned of “irrational exuberance” in 1996.
But his legacy isn’t spotless: critics, including a 2011 federal inquiry, blame his deregulation push for helping set up the 2008 financial crisis. Tributes are now rolling in worldwide.
NEWS NOW:
