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Bangkok Post
Bangkok Post
Business

Alan Greenspan, longtime Fed chief with a divided legacy, dies

Alan Greenspan, seen in October 2007, served as the chairman of the US Federal Reserve for nearly 20 years, under four presidents. (Photo: AFP)

WASHINGTON — Alan Greenspan, the longtime United States Federal Reserve (Fed) chief who presided over an unprecedented period of American economic expansion but was later faulted for failing to rein in markets ahead of the 2008 global financial crisis, has died.

Greenspan -- who died Monday at age 100 -- guided the world's biggest economy through a stock market crash in 1987 as he first took up his post, the Mexican and Asian financial crises, the dotcom boom and bust, and the attacks on Sept 11, 2001.

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