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Former Fed Chair Alan Greenspan Dies at 100

  • Former Federal Reserve Chairman Alan Greenspan died on Monday at age 100 from complications of Parkinson's disease, his wife, NBC News correspondent Andrea Mitchell, confirmed.
  • Greenspan served as the 13th Federal Reserve chairman from 1987 to 2006, earning the nickname 'the Maestro' for guiding the U.S. economy through sustained growth and navigating the 1987 stock market crash.
  • During a 1996 speech, Greenspan famously warned of 'irrational exuberance' in the stock market, a phrase that became part of the national lexicon and reflected his guarded 'Fed speak' communication style.
  • Following the 2008 financial collapse, Greenspan faced criticism from detractors who argued his hands-off approach to financial regulation and easy-money policies had fueled the housing bubble.
  • In 2008 congressional testimony, Greenspan acknowledged he had 'found a flaw' in his economic philosophy regarding bank self-regulation, reversing decades of laissez-faire advocacy.
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How Alan Greenspan’s stint as President Ford’s top economic adviser cemented his passion for public service and prepared him to lead the Fed

Alan Greenspan, seated left, said working for President Gerald Ford, sitting next to him, was more interesting than helming the Fed. AP PhotoAlan Greenspan, who died on June 22, 2026, at the age of 100, is best remembered for his 18 years at the helm of the Federal Reserve. What many people don’t know is that an earlier and more obscure stint during the administration of President Gerald Ford shaped him as a public servant. As professors of econ…

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NBC Bay Area broke the news in San Francisco, United States on Monday, June 22, 2026.
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