Alan Greenspan, longest-serving US Federal Reserve chair, dies aged 100
Alan Greenspan, the influential economist who led the US Federal Reserve for almost 19 years and helped steer the world’s largest economy through periods of growth and crisis, has died at the age of 100.Greenspan served five consecutive terms as chairman of the Federal Reserve from 1987 to 2006, making him one of the longest-serving central bank chiefs in US history. Appointed by four different presidents, he guided monetary policy through major events including the 1987 stock market crash, two recessions, the 1997 Asian financial crisis, the dotcom boom and bust, and the aftermath of the September 11 attacks.
Who was Alan Greenspan?
Born in New York City in 1926, Greenspan studied economics at New York University and later worked as an economic consultant before entering public service. He chaired President Gerald Ford’s Council of Economic Advisers and later served on advisory bodies under Presidents Ronald Reagan and Richard Nixon.After leaving the Federal Reserve in 2006, Greenspan launched a consulting firm and published his memoir, The Age of Turbulence. He received numerous honours during his lifetime, including the Presidential Medal of Freedom and an honorary knighthood from Queen Elizabeth II.
