WASHINGTON—Alan Greenspan, the influential economist who led the Federal Reserve for nearly two decades and helped shape U.S. monetary policy across four presidential administrations, has died at age 100 from complications of Parkinson’s disease, according to a statement released by his wife, journalist Andrea Mitchell.
The Federal Reserve confirmed his death Monday and praised Greenspan's lasting impact on the institution and the broader economy.
Greenspan served as the Fed’s 13th chairman from 1987 to 2006, the second-longest tenure in the central bank’s history. During that period, he guided the economy through the 1987 stock market crash, the 1990s expansion, the Asian financial crisis, the dot-com boom and bust, and the aftermath of the Sept. 11 attacks. The Federal Reserve said Greenspan helped establish a sustained period of price stability and strengthened the institution’s credibility through what it called his “rigorous analytical discipline” in monetary policymaking.
In a statement, the Federal Reserve said Greenspan’s legacy lives on through the economists and policymakers he mentored and the frameworks he helped establish. “Chairman Greenspan's legacy endures at the Federal Reserve,” the central bank said, extending condolences to Mitchell and his family. Earlier this year, Fed officials celebrated Greenspan’s 100th birthday, recognizing his more than 18 years at the helm of the nation’s central bank