Alan Greenspan economics, trade and capitalism and socialism
Alan Greenspan, former chairman of the board of governors of the Federal Reserve System, died on Monday at the age of 100, according to a statement by his wife Andrea Mitchell, NBC News Washington director and senior foreign correspondent.
“Alan passed away at our home this morning at the age of 100 from complications of Parkinson’s Disease,” Mitchell said in a statement obtained by Fox Business Network.
“He was a giant of a man who helped shape the US economy for decades under presidents of both parties, but was always honest in admitting his mistakes,” he continued. “For me, he was my husband, who shaped my life since we started dating in 1984.
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Former Federal Reserve Chairman Alan Greenspan, Andrea Mitchell and Morgan Freeman attend the AFI 50th Anniversary Gala at The Library of Congress on November 1, 2017 in Washington, DC. (Nicholas Hunt/Getty Images for the American Film Institute / Getty Images)
Supreme Court Justice Ruth Bader Ginsberg officiated the couple’s wedding in April 1997.
“He had a ‘wild passion’ for baseball, the Washington Commanders, tennis, golf and music, especially jazz. He will be remembered for his wit and kindness,” Mitchell said in a statement. “Being his partner in life was the joy of my life.”
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Alan Greenspan Attends “The Daily Briefing” at Fox News Channel Studios on October 17, 2018 in New York City. (Steven Ferdman/Getty Images/Getty Images)
Greenspan served as chairman of the Fed for more than 18 years.
In 1987, President Ronald Reagan became the first president to appoint him to serve as Fed chairman.
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The Federal Reserve released a statement on Greenspan’s death Monday morning.
“The Federal Reserve notes with deep sadness the passing of Alan Greenspan. Chairman Greenspan served as the 13th Chairman of the Board of Governors from 1987 to 2006, and his contributions to monetary policy and economic thought left a lasting mark on the institution, the broader economic sector, and the country,” the statement said. “During his 18 years as Chairman, he guided the Federal Reserve through periods of significant economic growth and periods of great depression. Under his leadership, the Federal Reserve achieved a sustained period of price stability that supported economic growth and helped instill public confidence in the institution.”
The Federal Reserve’s statement went on to note that Greenspan “brought strong analytical discipline to monetary policymaking and helped establish the credibility that remains one of the Federal Reserve’s most important assets.”
“Chairman Greenspan’s legacy lives on at the Federal Reserve — in those he directly directed, in the economic and public service he inspired, and in the programs and policies he helped shape,” the statement continued. “The Federal Reserve extends its condolences to his wife, Andrea Mitchell, and his family.”
Fox Business Network’s Edward Lawrence contributed to this report
