Newsmv
Alan Greenspan, the longstanding Federal Reserve chair who was lionised during his time in office as one of the defining figures of modern monetary policy, has died at the age of 100.
His death closes the chapter on a career that drew near-universal praise from markets and policymakers alike — before a financial crisis recast the terms of his legacy in ways that proved harder to shake.
From Celebrated to Scrutinised For much of his tenure atop the Federal Reserve, Greenspan occupied a singular position in American economic life: a central banker treated by markets as something close to an oracle.
His pronouncements moved asset prices; his tenure coincided with long stretches of growth; and Washington's political establishment, across administrations and party lines, regarded him as indispensable.
Keep reading