LAMAMIMET

Alan Greenspan was born on March 6, 1926, in the Washington Heights neighborhood of New York City. He earned a bachelor's degree from New York University and a Ph.D. in economics from the same institution, beginning his career as an economist and consultant before entering public service.

In 1987, President Ronald Reagan appointed him chairman of the Federal Reserve, a post he held under four successive presidents until his retirement in January 2006. His tenure was marked by the period known as the Great Moderation, characterized by low inflation and steady growth, and he famously warned of "irrational exuberance" in the stock market in 1996. Greenspan navigated numerous financial challenges, including the 1987 crash, the dot‑com bubble burst, and the early 2000s recession, while his policies later drew scrutiny for their role in the housing bubble and the 2008 financial crisis.

After leaving the Fed, Greenspan remained a prominent commentator on economic affairs, publishing the memoir The Age of Turbulence and continuing to speak on monetary policy. He died on June 22, 2026, at the age of 100, at his home due to complications of Parkinson's disease, as announced by his wife, Andrea Mitchell.