The influential economist and longest-serving Federal Reserve chair passed away from Parkinson’s complications, marking the end of an era in U.S. monetary policy.
Alan Greenspan, who led the Federal Reserve for nearly two decades, died at age 100 from complications related to Parkinson’s disease. His tenure from 1987 to 2006 shaped modern U.S. monetary policy, navigating financial crises and economic expansions.
Greenspan’s leadership spanned the 1987 stock market crash, the dot-com bubble, and the early 2000s recession. His policies, often characterized by gradual interest rate adjustments, became a benchmark for central bankers globally.
Markets may reflect on his legacy, though no immediate reaction was reported. His influence on inflation targeting and financial regulation remains a key reference in economic discourse.