A defining figure in U.S. economic policy has passed,closing a chapter that shaped global markets for nearly two decades. AlanGreenspan, who led the Federal Reserve through boom years and financialupheaval, died Monday at the age of 100.According to CNBC, Greenspan’s wife, NBC News correspondent Andrea Mitchell,confirmed his death, stating he died at home from complications of Parkinson’sdisease. His passing marks the end of a career that influenced monetary policyacross multiple political eras and economic cycles.A Long Tenure at the FedGreenspan served as the 13th chair of the Federal Reservefrom 1987 to 2006. He held the role under four U.S. presidents, making him oneof the longest-serving central bank leaders in modern history.According to the New York Times, traders often said thatwhen Greenspan spoke, the forex market would either freeze in anticipation ormove sharply within seconds. That reputation reflected his status as FederalReserve chair whose speeches and testimonies regularly reached traders worldwidein real time, prompting them to scrutinize every word and change in tone forsignals on future policy shifts.Contemporary coverage of his 1996 irrational exuberance remarksdocumented how a brief passage buried deep in a broader speech unsettledmarkets from Tokyo to London to New York, underscoring how even a short commenton asset prices could trigger immediate moves in stocks and, by extension,related currency trades.Keep reading: “When AI Is a Black Box, Traders Either Distrust It Completely or Trust It Far Too Much”: Insights from FM Singapore Summit 2026During his tenure, the U.S. economy experienced a prolongedexpansion from 1991 to 2001. The period saw strong growth, low inflation, andrising financial markets. The Federal Reserve noted that under his leadership,policymakers maintained price stability and strengthened public confidence inthe institution.The central bank said Greenspan brought rigorous analyticaldiscipline to monetary policy and helped build credibility that continues tosupport its operations today.Policy Influence and CriticismGreenspan helped shape what many consider modern Americancapitalism. His approach to monetary policy and financial markets influencedcentral banking practices globally.However, his record drew criticism after the globalfinancial crisis of 2007–2008. Critics argued that his support for financialderegulation contributed to systemic risks that later destabilized markets. Histenure remains closely tied to debates about the balance between market freedomand regulatory oversight.Despite this, Greenspan acknowledged policy shortcomingslater in his career, reinforcing his reputation as a policymaker willing toreflect on past decisions.This article was written by Jared Kirui at www.financemagnates.com.