Former Federal Reserve Chair Alan Greenspan Dies at 100

June 23, 2026
By Mintesinot Nigussie

Alan Greenspan, the economist who led the US Federal Reserve through nearly two decades of economic expansion, market turbulence and financial transformation, has died at the age of 100.

The Federal Reserve announced his death on Monday, paying tribute to the former chairman's role in shaping modern monetary policy and strengthening the institution's credibility.

Greenspan served as the 13th chairman of the Federal Reserve from August 1987 to January 2006, making him one of the longest-serving leaders in the central bank's history. His tenure spanned periods of strong economic growth, the 1987 stock market crash, the Asian financial crisis, the technology boom and bust, and the aftermath of the September 11, 2001 attacks.

In a statement, the Federal Reserve said Greenspan's contributions to monetary policy and economic thought left a lasting mark on the institution, the economics profession and the United States.

During his 18-year tenure, the central bank said Greenspan guided the Federal Reserve through periods of significant economic expansion as well as episodes of financial stress, helping to sustain price stability and support economic growth.

The Fed credited him with bringing rigorous analytical discipline to monetary policymaking and helping establish the credibility that remains one of the institution's most valuable assets.

Greenspan became one of the most influential central bankers of his era, with financial markets around the world closely monitoring his remarks and policy decisions. His leadership coincided with a prolonged period of economic growth in the United States during the 1990s, earning him a reputation as one of the architects of modern central banking.

The Federal Reserve said Greenspan's legacy continues through the policymakers he mentored, the economists he inspired and the policy frameworks he helped shape.

Source: FSX Business News