Alan Greenspan, Long‑time Federal Reserve Chairman, Dies at 100
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- June 23, 2026
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Former Fed chief Alan Greenspan passes away, aged 100
Alan Greenspan, the economist who steered the U.S. central bank for nearly two decades, died at 100. His tenure saw the rise of the internet boom, the 2001 recession and set the stage for the 2008 crisis.
Alan Greenspan – a name that still echoes through boardrooms, classrooms and coffee‑shop debates about money – died this week at the age of 100. The veteran economist, born in New York City in 1926, was a fixture on the world‑stage from the late 1980s until his retirement in 2006.
When President Ronald Reagan tapped him to lead the Federal Reserve in 1987, few could have guessed how long Greenspan would stay in the chair. Over 19 years, he watched the U.S. economy weather everything from the stock‑market crash of 1987 to the soaring dot‑com bubble of the late 1990s. He was praised for keeping inflation in check, yet his willingness to keep interest rates low for too long has been blamed for inflating the housing bubble that later burst.
Critics point to his 2000 decision to cut rates aggressively after the burst of the internet frenzy – a move that, in hindsight, helped fuel a surge in mortgage borrowing and risky financial products. When the housing market collapsed in 2008, the resulting crisis reminded the world that even the most respected policymakers can misread the signs.
After stepping down, Greenspan stayed active, writing columns, advising investors and occasionally popping up at public events. He remained a contentious figure: admired for his intellect and foresight, yet often at the center of debates over whether his policies helped or hurt ordinary Americans.
He is survived by his wife, Andrea, and two children, along with a legacy that will be studied by economists for generations. Whether you view him as a genius, a cautionary tale, or somewhere in between, the impact of Alan Greenspan on modern monetary policy is undeniable.
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