Alan Greenspan, the legendary former chairman of the U.S. Federal Reserve, died on June 22, 2024, at the age of 100 due to complications from Parkinson's disease.
According to NBC News, his wife confirmed the news. Greenspan served as Fed chairman from 1987 to early 2006, overseeing a period of rapid economic growth and low unemployment.
Under his leadership, the S&P 500 index quadrupled, GDP grew at an average annual rate of 3.5%, and unemployment averaged 5.5%. However, imbalances developed in his later years, contributing to the 2007 global financial crisis.
Greenspan's tenure was the second-longest in Fed history, after William McChesney Martin Jr., who served for 19 years.
