Alan Greenspan, former Fed chair, dies at 100

Alan Greenspan, the former Federal Reserve chair who led the central bank from 1987 to 2006, has died at age 100 at his home in Washington. His wife, NBC News correspondent Andrea Mitchell, said he died from complications of Parkinson’s disease. Greenspan was one of the most influential economic policymakers of his time. Appointed by President Ronald Reagan, he guided the Fed through market crashes, recessions, the Asian financial crisis, the dotcom era, and the early years of the Great Recession. He was also widely known for his guarded public language and his warning about “irrational exuberance” in 1996. Supporters credited him with helping stabilize the U.S. economy during periods of market stress, while critics argued that his policies may have contributed to later financial imbalances. The Federal Reserve said his work left a lasting mark on monetary policy and economic thought.