Former Federal Reserve Chairman Alan Greenspan passes away at the age of 100

He served as the Chairman of the Federal Reserve five times, overseeing U.S. monetary policy during the terms of four American presidents. From the end of the Cold War to the dawn of the digital age, Greenspan profoundly shaped the trajectory of modern American capitalism. While leading the Federal Reserve, he witnessed the longest economic expansion cycle in U.S. history, with the boom lasting from 1991 to 2001. However, many critics have pointed out that several policies he implemented laid the groundwork for the 2007–2008 global financial crisis.Mitchell stated, “Alan passed away at home this morning at the age of 100, due to complications from Parkinson’s disease.” “He was a giant of his era, deeply influencing the direction of the American economy over decades and under multiple presidents from both parties. At the same time, he always candidly faced his own decision-making mistakes,” she said.