Former Fed Chairman Greenspan dies at the age of 100

During his long term in office, the legendary central bank chief deliberately avoided making any specific decisions. With his often cryptic communication, he shaped his very own style at the Federal Reserve.

“Alan Greenspan served as the 13th Chairman of the Board of Governors from 1987 to 2006, and his contributions to monetary policy and economic theory have had an indelible impact on this institution, economics generally, and the country,” the Fed said. It highlighted that Greenspan brought “rigorous analytical discipline to monetary policy decision-making” and helped “establish the credibility that remains one of the Federal Reserve’s most important assets.”