Alan Greenspan, chair of Federal Reserve under 4 U.S. presidents, dies at age 100

TL;DR

Alan Greenspan, former Federal Reserve chairman, died at 100 due to complications from Parkinson's Disease.
He served as Fed chair for 18 years, overseeing the "Great Moderation" period of economic stability.
His tenure included financial crises such as the 1987 stock market crash and the dot-com collapse.
Greenspan coined the term "irrational exuberance" to describe market bubbles.
His legacy is controversially linked to the 2008 financial crisis, with critics citing "loose money" policies.
Greenspan defended his decisions, calling criticisms "revisionist history" but also acknowledged errors.
He championed greater transparency in central banking communications.
Greenspan had a notable early life, showing mathematical talent and studying at NYU and Juilliard.

Weiter zum Originalartikel