Alan Greenspan, chair of Federal Reserve under 4 U.S. presidents, dies at age 100

Alan Greenspan, former chairman of the U.S. Federal Reserve and one of the longest-serving central bank leaders, died on Monday at age 100, according to his wife Andrea Mitchell. Mitchell said the economist died at his home due to complications of Parkinson’s disease, in a statement carried by NBC News. Greenspan’s tenure spanned four U.S. presidents and included the “Great Moderation,” a period from the mid-1980s to 2007 marked by low inflation, stock gains, and strong growth. His chairmanship also coincided with major crises, including the 1987 stock market crash and the dot-com bubble. In 1996, he coined “irrational exuberance,” while later critics linked parts of his legacy to the 2008 financial crisis. He defended his decisions, citing warnings about subprime mortgages and human behavior in economic forecasting.