Alan Greenspan, the former Federal Reserve chairman, has died at the age of 100 due to complications of Parkinson’s disease. Greenspan served as Fed chief for 18 years, from 1987 to 2006, and was known for guiding a record US economic expansion, but...
Alan Greenspan, the former Federal Reserve chairman, has died at the age of 100 due to complications of Parkinson’s disease. Greenspan served as Fed chief for 18 years, from 1987 to 2006, and was known for guiding a record US economic expansion, but his legacy was later dimmed by the financial crisis that erupted after he stepped down. In a statement on Monday, the Fed said, “Chairman Greenspan’s legacy endures at the Federal Reserve — in those he mentored directly, in the economists and public servants he inspired, and in the frameworks and practices he helped shape.” Dennis Lockhart, former Atlanta Fed President, joins Bloomberg Intelligence Radio to discuss Greenspan's life and legacy, as well as what lies ahead for newly minted Chairman Kevin Warsh. (Source: Bloomberg)
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