Influential economist Alan Greenspan, who headed Federal Reserve for nearly two decades, dead at 100
Influential economist Alan Greenspan, who led Federal Reserve for nearly two decades, dead at 100
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118+ best Amazon Prime Day deals, hand-picked and updated live for 2026 BusinessInfluential economist Alan Greenspan, who headed Federal Reserve for nearly two decades, dead at 100
By Ariel Zilber and James Franey Published June 22, 2026 Updated June 22, 2026, 12:48 p.m. ETSee more of our coverage in your search results.
Add The New York Post on GoogleAlan Greenspan, the influential economist who led the Federal Reserve for nearly two decades and became one of the most powerful figures in global finance, died Monday morning at the age of 100.
His wife, veteran NBC News journalist Andrea Mitchell, told CNBC that Greenspan died from complications of Parkinson’s disease. The couple, who married in 1997, had been together for nearly three decades.
Greenspan served as Fed chairman from 1987 to 2006 under four presidents — Ronald Reagan, George H.W. Bush, Bill Clinton and George W. Bush.
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During his tenure, he steered the US economy through a series of chaotic events including the 1987 stock market crash, the Asian financial crisis, the dot-com boom and bust and the aftermath of the Sept. 11 terrorist attacks.
Greenspan’s reputation never fully recovered from the 2008 financial crisis.
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Once hailed as “the Maestro” for guiding the US economy through years of low inflation and booming markets, Greenspan became a symbol of the pre-crisis faith that Wall Street could largely police itself.
Critics argued that his Fed kept interest rates too low after the 2001 recession, helping fuel the housing bubble.
The harsher indictment focused on regulation.
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The Financial Crisis Inquiry Commission later faulted the Fed for failing to use its authority to crack down on abusive mortgage lending before the subprime market exploded.
Greenspan had also championed a light-touch approach to derivatives and financial innovation that critics said left the system vulnerable when markets turned.
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Called before Congress in October 2008, Greenspan acknowledged a major error in his thinking, saying he had found “a flaw” in the belief that financial institutions would adequately protect their shareholders through self-interest alone.
He told lawmakers he was in a “state of shocked disbelief” as the crisis unfolded, remarks that became the defining admission of his post-Fed career.
Greenspan never fully accepted that Federal Reserve policy was chiefly responsible for the crash.
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In subsequent speeches and writings, he argued that a global flood of savings and falling long-term interest rates — not simply Fed rate decisions — had fueled housing booms around the world.
He also maintained that the securitization of risky subprime mortgages played a more direct role in the meltdown than monetary policy.
Known for his often-cryptic public remarks, Greenspan became a Wall Street celebrity during the 1990s economic expansion and earned the nickname “the Maestro.”
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His 1996 warning about “irrational exuberance” became one of the most famous phrases in modern economic history.
In later years, Greenspan faced criticism from some economists who argued that policies pursued during his tenure helped lay the groundwork for the 2008 financial crisis.
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“Alan Greenspan was a brilliant and creative thinker, steadfast in character, and a wonderful human being who I’ve known for more than 40 years,” said JPMorgan CEO Jamie Dimon, calling him “an exemplary Chair of the Federal Reserve.”
Derek Reisfield, co-founder and former chairman of MarketWatch, told The Post that Greenspan “will go down in history as one of the better Fed Chairs.”
“Overall the US economy did very well during his tenure.”
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Reisfield pointed to Greenspan’s response to the October 1987 stock market crash, which struck just weeks after he became Fed chairman.
“You have to remember Greenspan took office two months before ‘Black Monday,’ October 19, 1987,” Reisfield said.
“The Dow Jones Index dropped over 22% in one day. It was the largest single daily drop in history. People were in shock, and were walking around like zombies on Wall Street,” Reisfeld said.
“He led the effort to cut interest rates and inject liquidity into the financial system. He also helped to ensure the markets remained open, which was a key factor in the quick recovery.”
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Badenoch blasts 'moaning' female Labour MPs over Burnham jobs 'quota'

Kemi Badenoch has told Labour women to earn a job in Andy Burnham's Cabinet instead of demanding they are handed jobs because of their gender.
The Tory leader lashed out today amid reports that female MPs are demanding the de-facto new prime minister introduce a 50:50 gender split 'quota' in his government.
Amid reports that former foreign secretary David Miliband is being lined up to return to the role, possibly with his brother Ed as Chancellor, one female minister also complained that Burnham could not have 'more Milibands than women' in the top posts.
But in a scathing article in the Times today Mrs Badenoch told them to 'stop moaning' and get chosen on merit instead of retreating into 'more of the failed identity politics that is holding back our country'.
'There are many, many reasons why you shouldn't have any Milibands in the cabinet,' she said.
'But complaining that the boys haven't given them the right jobs or that the boys are taking all the jobs, just shows that Labour's women still don't get it.'
The idea of quotas was also attacked by Baroness Jacqui Smith, Labour's Skills Minister.
Asked by Times Radio if Mr Burnham should reserve jobs for women, she said: 'No, I think what Andy Burnham should be doing is building the very best team around him to change this country.'
A letter written by the Women's Parliamentary Labour Party has called on Mr Burnham to ensure a 50:50 split between men and women in government jobs
Amid reports that former foreign secretary David Miliband (above, right, in 2010) is being lined up to return to the role, possibly with his brother Ed as Chancellor, one female minister complained that Burnham could not have 'more Milibands than women' in the top posts
But Mrs Badenoch told them to pipe down and get chosen on merit instead of retreating into 'more of the failed identity politics that is holding back our country'
A letter written by the Women's Parliamentary Labour Party and seen by the BBC has called on Mr Burnham to ensure a 50:50 split between men and women in government jobs after he succeeds Sir Keir Starmer.
'We are asking you to demonstrate this change from day one and address the toxicity and misogyny within our own party and government,' it said.
Labour has never had a female leader, while the Conservatives have had three, and Mrs Badenoch urged the government to follow its meritocratic example.
'If you run a meritocracy, then you do not have to worry about jobs for the boys,' she wrote.
'Every woman who is a Conservative MP, every woman who has ever won the leadership, has had to fight to get where she is.
'By contrast, Labour women are demanding guarantees from Burnham. But the truth is he doesn't have to give any guarantees.
'If none of Labour's women are prepared to get their hands dirty and challenge him for the leadership, their demands are toothless.'
'In fact, it's quite revealing that the women's parliamentary Labour Party has written to Burnham asking him to commit himself to at least 50 per cent female ministers.
'This has nothing to do with meritocracy. It is yet more of the failed identity politics that is holding back our country.'