AssetID: 55794179
Headline: UNCAPTIONED: Alan Greenspan, Former Federal Reserve Chair, Dies Aged 100
Caption: Alan Greenspan, Former Federal Reserve Chair, Dies Aged 100. Alan Greenspan, the influential former chairman of the US Federal Reserve who helped shape American monetary policy for nearly two decades, has died at the age of 100. His wife, journalist Andrea Mitchell, said Greenspan died from complications related to Parkinson’s disease. Greenspan led the Federal Reserve from 1987 to 2006, serving under four US presidents — Ronald Reagan, George H.W. Bush, Bill Clinton and George W. Bush. During his tenure, he guided the US economy through major events including the 1987 stock market crash, the long economic expansion of the 1990s and the aftermath of the September 11 attacks. Widely known as “The Maestro”, Greenspan earned praise for helping sustain growth and control inflation, becoming one of the most influential central bankers in modern history. However, his legacy was later challenged by critics who argued that his support for financial deregulation and low interest rates contributed to conditions that led to the 2007-08 financial crisis. In a statement to NBC, Mitchell said Greenspan would be “remembered for both his brilliance and his kindness”, adding that being his life partner had been the joy of her life. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politcs,Federal Reserve,former chairman,Alan Greenspan,influential,long tenure,central bank,decisive,inflation,economic boom,depression,stock exchange,markets,September 11 attacks,monetary policy,criticism,deregulation,Bill Clinton,George W. Bush,Ronald Reagan,George H.W. Bush,Andrea Mitchell,NBC,death,Parkinson's disease
PersonInImage: