Alan Greenspan, the influential former chairman of the U.S. Federal Reserve, has died at the age of 100. His family confirmed his passing on June 22, 2026. Greenspan served as Fed chairman from 1987 to 2006, guiding U.S. monetary policy through periods of economic expansion, the dot-com bubble, and the aftermath of the September 11 attacks.
Career and Legacy
Greenspan was appointed by President Ronald Reagan and reappointed by Presidents George H.W. Bush, Bill Clinton, and George W. Bush. He was known for his cautious approach to inflation and his influence on global economic policy. Under his leadership, the Fed navigated the 1987 stock market crash and the 1990s economic boom.
Critics later blamed his low interest rate policies for contributing to the housing bubble that led to the 2008 financial crisis. Despite this, Greenspan remained a respected figure in economics, receiving numerous awards and accolades.
Personal Life
Born on March 6, 1926, in New York City, Greenspan studied economics at New York University and later founded an economic consulting firm. He married NBC News correspondent Andrea Mitchell in 1997. Greenspan was also an avid tennis player and a devoted fan of classical music.
His death marks the end of an era in central banking. He is survived by his wife and extended family.
