Alan Greenspan, who led the Federal Reserve for nearly two decades and shaped the contours of modern American economic policy, died June 22 at his home in Washington at 100 from complications from Parkinson's disease. He is survived by his wife, NBC correspondent and journalist Andrea Mitchell.
Born in 1926 in New York City, he received three degrees from New York University after a stint at Juilliard. Greenspan served five terms as Fed chairman under four presidents, from Ronald Reagan through George W. Bush, stepping down in January 2006 after the second-longest tenure in the institution's history.
His chairmanship was widely celebrated during his tenure. He allowed the unemployment rate to fall well below levels that would typically have prompted rate increases, helping sustain one of the longest expansions in American history. But his legacy grew complicated after his departure in the wake of the Global Financial Crisis, with some arguing his promotion of financial deregulation and failure to discourage risky mortgage lending helped lead to the financial crisis. Greenspan himself acknowledged mistakes in his own statements after his Fed chairmanship ended.
