Alan Greenspan, Influential Former Fed Chair Dies at 100 Alan Greenspan, the renowned economist and former chairman of the Federal Reserve, passed away at the age of 100 on Monday, according to his wife, NBC News correspondent Andrea Mitchell. His death was attributed to complications of Parkinson’s disease, marking the end of a career that shaped U.S. economic policy for decades. Greenspan, who served as Fed chair from 1987 to 2006, was celebrated for steering the nation through prolonged economic expansion but also faced criticism for policies linked to the 2007-08 financial crisis. Born on March 6, 1926, in New York City, Greenspan displayed early mathematical talent and pursued economics at New York University, earning a bachelor’s degree in 1948 and a master’s in 1950. He later earned a Ph.D. from Columbia University under the guidance of economist Arthur F. Burns, a future Fed chairman. His academic and professional journey intertwined with pivotal moments in American history, including the Cold War era and the rise of the digital age. Greenspan’s political career began in the 1960s when he advised Richard Nixon’s 1968 presidential campaign. After Nixon’s 1974 resignation, he joined Gerald Ford’s administration as chairman of the Council of Economic Advisers, contributing to efforts that reduced inflation from 11% to 6.5%. His expertise led to his appointment as Federal Reserve chairman by President Ronald Reagan in 1987, a role he held for nearly two decades. During his tenure, Greenspan oversaw one of the longest economic expansions in U.S. history, spanning from 1991 to 2001. This period saw rapid globalization, the internet’s rise, and the dotcom bubble’s burst.#new_york_city #federal_reserve #alan_greenspan #andrea_mitchell #financial_crisis_inquiry_commission
