Alan Greenspan, former US Federal Reserve chairman, dies at 100

Alan Greenspan, former chairman of the US Federal Reserve, died on March 6, 2024, at the age of 100. Greenspan served as the 13th chairman of the Federal Reserve from August 11, 1987, to January 31, 2006, making him the second-longest-serving chairman in the central bank's history. His tenure was marked by significant economic events, including the 1987 stock market crash, the dot-com bubble, and the early stages of the 2008 financial crisis. Greenspan's economic philosophy, often associated with supply-side economics and a belief in free markets, significantly shaped monetary policy during his nearly two decades at the helm of the Federal Reserve. He was appointed by President Ronald Reagan and reappointed by Presidents George H.W. Bush, Bill Clinton, and George W. Bush. Before leading the Federal Reserve, Greenspan was an economist and headed his own consulting firm, Townsend and Greenspan. He also served as chairman of President Gerald Ford's Council of Economic Advisers in 1974. His influence extended beyond monetary policy, impacting discussions on deregulation and fiscal responsibility.