Former Fed chair and economist Alan Greenspan died at the age of 100 on Monday.
Greenspan’s wife of 29 years, NBC News Washington correspondent and chief foreign affairs correspondent, Andrea Mitchell, shared in a statement to NBC, “Alan passed away at our home this morning at the age of 100 from complications of Parkinson’s disease.”
Mitchell continued, “He was a giant of a man who helped shape the U.S. economy for decades under presidents of both parties, but was always honest in acknowledging his mistakes.”
She added, on a more personal note, “To me he was my husband, who shaped my life from our very first date in 1984. He had ‘irrational exuberance’ for baseball, the Washington Commanders, tennis, golf, and music, especially jazz. He will be remembered for his brilliance and his kindness. Being his life partner was the joy of my life.”
Who was Alan Greenspan?
The economist and iconic chairman of the Federal Reserve was born in Washington Heights, New York, on March 6, 1926. Greenspan attended New York University, receiving bachelor’s, master’s, and doctoral degrees in economics. He also studied economics at Columbia University under Arthur Burns.
He began a storied career in economics in 1948 with the National Industrial Conference Board, analyzing the demand for steel, copper, and aluminum. He later served as the chairman and president of the economic consulting firm, Townsend-Greenspan & Co., Inc., from 1954 to 1974 and again from 1977 to 1987. From 1974 to 1977, Greenspan served under President Gerald Ford as chairman of the President’s Council of Economic Advisers.
Prior to taking on the role of Fed chair, Greenspan was also chairman of the National Commission on Social Security Reform (1981 to 1983), a member of President Ronald Reagan’s Economic Policy Advisory Board, and a consultant to the Congressional Budget Office.
Appointed by Reagan in 1987, Greenspan served as chairman of the Federal Reserve through four presidencies (Reagan, George H.W. Bush, Bill Clinton, and George W. Bush) over almost two decades. In 2005, then-President George W. Bush awarded the Fed chair the Presidential Medal of Freedom.
Greenspan’s tenure in this position ended on January 31, 2006. In his later years, Greenspan started his own consulting firm and authored several books, including ‘The Age of Turbulence: Adventures in a New World’ in 2007 and ‘Capitalism in America: A History’ in 2018.
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