Alan Greenspan, the former Chairman of the U.S. Federal Reserve, died Monday at his home at age 100 [1].
Greenspan's death marks the end of an era for global finance. As one of the longest-serving central bankers in history, his approach to monetary policy shaped the economic landscape of the late 20th and early 21st centuries.
Greenspan died on June 22, 2026 [2], from complications of Parkinson's disease [3]. David Westin of Bloomberg Television said Greenspan died at his home [1].
He served as the head of the Federal Reserve for 18 years, from 1987 to 2006 [1]. During his nearly two-decade tenure, he operated under four different U.S. presidents [4]. His leadership was characterized by a cautious approach to interest rates and a deep belief in the efficiency of markets.
"He was a giant of a man," Andrea Mitchell said in a statement to AL.com [5].
Throughout his career, Greenspan became a central figure in the intersection of government and finance. He was often viewed as the primary architect of the economic growth seen during the 1990s. However, his legacy remained a subject of debate among economists, particularly regarding his role in the oversight of the financial systems that preceded the 2008 global financial crisis.
Associated Press reported via The Boston Globe that the former chair died Monday from complications of Parkinson's disease [3]. The death occurred on June 22, 2026 [2].
“He was a giant of a man.”
Greenspan's passing removes one of the last primary architects of the modern U.S. monetary system. His 18-year tenure established a precedent for central bank independence and long-term stability that influenced successors. His death prompts a final historical reckoning of the 'Greenspan Put'—the market belief that the Fed would always intervene to support asset prices—and its long-term impact on global risk management.
