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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 Email New York Post Read the Latest on Page Six

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Influential 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. ET

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Alan 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.

Economist Alan Greenspan smiles, wearing glasses, a suit jacket, and a red tie. 9
Former Federal Reserve Chair Alan Greenspan died. AP

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.

George H.W. Bush swears in Alan Greenspan as Federal Reserve Board chairman, while Ronald Reagan looks on. 9
Alan Greenspan is sworn in to serve in Ronald Reagan’s administration. ASSOCIATED PRESS

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.

Richard Allen, Alan Greenspan, and Edward Meese III sitting at a press conference. 9
Alan Greenspan with Edward Meese III and Richard Allen. AP

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.

U.S. Federal Reserve Chairman Alan Greenspan making his way through a crowd at the International Monetary and Finance Committee meeting. 9
Greenspan makes his way through the crowd at the start of the International Monetary and Finance Committee meeting at IMF Headquarters in Washington on Sept. 24, 2005. That day a deal to erase billions of dollars of crushing debt for poor countries gained critical momentum, with supporters predicting quick approval by the 184-nation World Bank and the International Monetary Fund. AP
Copies of Alan Greenspan's book, "The Age of Turbulence: Adventures in a New World," on display. 9
Greenspan’s book ‘The Age of Turbulence: Adventures in a New World.’ ASSOCIATED PRESS

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.

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