Former Federal Reserve Chairman Alan Greenspan, who served as chairman from 1987 to 2006, has died at the age of 100, according to his wife Andrea Mitchell. Born in New York City, Greenspan taught economics and had a long career spanning four presidents before becoming Fed chair.
Greenspan’s time at the Fed was marked by economic boom, but also criticism for low interest rates blamed for housing bubble. Despite dismissing talk of a housing bubble during his tenure, he later acknowledged the riskiness of some home loans and expressed “shocked disbelief” when the market collapsed in 2008.
Known for his complex prose, Greenspan made famous comments like “irrational exuberance,” warning investors about excessive stock prices. He also praised the internet’s impact on the economy, predicting a productivity boom from its rise.
Greenspan will be remembered by many for his legacy and the impact he had on US economic policy. His wife Mitchell recalled him as a “giant of a man” who shaped her life and said he would be remembered for his brilliance and kindness.
Source: https://edition.cnn.com/2026/06/22/economy/alan-greenspan-obituary