Former Federal Reserve Chairman Alan Greenspan dies at 100
By
Reuters
Summary
Alan Greenspan, the influential former chairman of the U.S. Federal Reserve who served from 1987 to 2006, has died at age 100 from complications related to Parkinson's Disease. Initially hailed as a master economist who helped steer the U.S. economy through periods of growth and stability, his legacy was later tarnished by criticism that his policies of low interest rates and deregulation contributed to the housing bubble and the 2008 global financial crisis. His wife, journalist Andrea Mitchell, confirmed his passing.
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Key quotes
· 3 pulledHe was a giant of a man who helped shape the U.S. economy for decades.
Greenspan, who exerted a powerful influence on the U.S. economy during his tenure at the helm of the Fed, died at his home from complications related to Parkinson's Disease.
Hailed as one of the greatest Federal Reserve chairmen when he retired in 2006 but later criticized for policies that critics said helped set the stage for the global financial crisis.
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