Alan Greenspan Passes Away at Age 100

Alan Greenspan, who served as chairman of the Federal Reserve from 1987 to 2006, has died at the age of 100. During his nearly 19-year tenure, he navigated the U.S. economy through the 1987 stock market crash, the Asian financial crisis, the dot-com bust, and the September 11 attacks. He became famous for his deliberately vague communication style, often referred to as 'Fedspeak,' which allowed the central bank to avoid making firm market commitments. His low-interest-rate policies in the early 2000s were later cited by some economists as a contributing factor to the housing bubble that preceded the 2008 financial crisis. Despite mixed assessments of his later career, Greenspan remains an iconic figure in the history of monetary policy.