Alan Greenspan Dies at 100; Led Fed in Boom Before 2008 Bust (1)

Alan Greenspan, the Federal Reserve chairman proclaimed a wizard for guiding a then-record US economic expansion, only to see his luster dimmed by the financial crisis that erupted less than two years after he stepped down, has died. He was 100.

He died on Monday at his home in Washington, according to a statement by his wife, Andrea Mitchell, chief Washington correspondent for NBC News. The cause was complications of Parkinson’s disease.

Alan Greenspan in 2012.

Photographer: Andrew Harrer/Bloomberg

Greenspan’s 18 years as Fed chief, from 1987 until his retirement at the start of 2006, were marked by a stock market boom and low unemployment. ...