Monday, 22 June 2026
Rīga TV

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WorldPublished: 22 June 2026 at 15:22

Alan Greenspan, Legendary Former Federal Reserve Chair, Dies

Alan Greenspan, the former Federal Reserve chairman whose legacy shifted from celebrated central banker to a figure tarnished by the worst financial crisis since the Great Depression, has died.

Alan Greenspan, the legendary former chairman of the U.S. Federal Reserve, has died. During his tenure, Greenspan was hailed as possibly the greatest central banker in history. However, his reputation was later marred by the most severe financial crisis since the Great Depression. Greenspan's legacy is a complex one: celebrated for his monetary policy acumen, but also criticized for policies that some believe contributed to the crisis. His death prompts a reassessment of his impact on economic history.

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