Alan Greenspan, the former chairman of the Federal Reserve, has died at the age of 100 following complications from Parkinson’s disease. Known as the "Maestro" for his pivotal role in shaping U.S. economic policy, he served nearly two decades at the helm of the central bank during a time of sustained growth and low inflation. His leadership was credited with guiding the economy through periods of technological advancement and global expansion, cementing his status as one of the most powerful figures in modern monetary policy.
His tenure also drew criticism, particularly after the 2008 financial crisis, when his support for market self-regulation and minimal oversight came under close examination. While praised for maintaining price stability and fostering long-term prosperity, his policies are now seen by some as contributing to systemic risks that led to the economic downturn. This duality defines his lasting impact on economic thought and public debate over the role of central banks and regulation in financial markets.