Alan Greenspan, Former Federal Reserve Chairman, Dies at 100

Alan Greenspan, the former chairman of the Federal Reserve, passed away at the age of 100 due to complications from Parkinson's Disease, as confirmed by his wife, Andrea Mitchell, a correspondent for NBC News. Greenspan served as Fed chairman from 1987 to 2006, appointed by President Ronald Reagan, and was known for his significant influence on U.S. economic policy. His tenure included both economic booms and busts, and he is often associated with the phrase "irrational exuberance," which he used in a 1996 speech to describe overvalued asset markets. The Federal Reserve issued a statement expressing sadness over his passing and acknowledged his contributions to monetary policy and economic thought. Greenspan's career included roles as chairman of the White House Council of Economic Advisers and various positions in economic consulting. He was born on March 6, 1926, in New York City and had a background in music before pursuing economics.