Former US Federal Reserve chairman Alan Greenspan dies at 100

Alan Greenspan, seen in October 2007, served as the chairman of the US Federal Reserve for nearly 20 years, under four presidents. © Nicolas Asfouri, AFP

Alan Greenspan – the longtime US Federal Reserve chief who served under four presidents – has died at 100, his wife said in a statement on Monday. Greenspan 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.

Alan Greenspan, the longtime US Federal Reserve chief who presided over an unprecedented American economic expansion but was later faulted for failing to rein in financial markets before the 2008 global crisis, died Monday, US media reported.