by Stefan J. Bos, Worthy News Chief International Correspondent
NEW YORK (Worthy News) – Alan Greenspan, the longtime chairman of the U.S. Federal Reserve whose influence shaped American economic policy for nearly two decades, has died at the age of 100.
Greenspan died Monday from complications related to Parkinson’s disease, according to a statement released by his widow, veteran NBC News correspondent Andrea Mitchell.
“Alan passed away at our home this morning at the age of 100,” Mitchell said. She described him as “a giant of a man who helped shape the U.S. economy for decades under presidents of both parties.”
Greenspan led the Federal Reserve from 1987 to 2006 under four U.S. presidents, earning a reputation as one of the world’s most influential central bankers. His policies helped guide the United States through periods of economic growth, including the expansion of the 1990s and the aftermath of the September 11, 2001, terrorist attacks.
However, critics blamed his support for deregulation and low-interest-rate policies for contributing to the 2008 global financial crisis. In congressional testimony following the collapse, Greenspan acknowledged flaws in his belief that financial institutions could adequately regulate themselves.
FINDING A FLAW
“I have found a flaw,” he told lawmakers at the time, admitting that some of his assumptions about free markets had proven incorrect.
Born in New York City in 1926, Greenspan studied economics after initially pursuing music and later became a key adviser to Republican administrations, including those of Presidents Richard Nixon, Gerald Ford, and Ronald Reagan.
Greenspan was also known for his admiration of novelist and philosopher Ayn Rand, whose free-market ideas influenced much of his economic thinking.
Jewish organizations remembered Greenspan as a prominent American Jew whose career reflected both professional achievement and a willingness to publicly reassess his views after the financial crisis.
He is survived by Mitchell, whom he married in 1997 in a ceremony officiated by Supreme Court Justice Ruth Bader Ginsburg.
Greenspan’s death marks the end of an era in American economic policymaking, leaving behind a complex legacy of prosperity, controversy, and enduring influence.
Copyright 1999-2026 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
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