Former Federal Reserve Chair Alan Greenspan dies at 100 after decades leading the economy
Alan Greenspan, the former chair of the Federal Reserve who led the central bank for nearly two decades, died Monday at age 100 from complications of Parkinson’s disease.
Known as "the Maestro," he presided over the Fed under four U.S. presidents from 1987 to 2006, engineering a period of historic economic prosperity in the 1990s. While he was once celebrated as a rock star of global finance, his reputation was later clouded by the 2008 financial crisis. Critics argue his long-held belief in market deregulation and low interest rates fueled the housing bubble that eventually triggered the global recession.
Current financial leaders and historians are now reassessing his complex legacy as a titan of modern American capitalism.
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