Former US Federal Reserve chairman Alan Greenspan has died aged 100, his wife said.
The economist and former adviser to Presidents Nixon, Reagan, Clinton and others shaped the country’s monetary policy for nearly two decades.
Greenspan is credited with calming markets after the 1987 crash and for a long period of growth, though his low‑interest‑rate stance is blamed for the dot‑com bubble of 2000 and the 2008 sub‑prime crisis.
He admitted in 2008 that he had misplaced faith in the financial sector’s self‑regulation, prompting a congressional testimony that recognized the limits of his free‑market philosophy.
A centenarian until June, Greenspan remained a sought‑after pundit, warning in 2023 about rapid rate hikes and criticizing the Trump administration’s populist approach and Brexit as a “worst outcome.”
In his legacy, his stewardship kept GDP contracting only once in twenty years, yet debate over his regulatory philosophy and the market crashes he navigated will continue to colour views of his impact on modern economics.
