Alan Greenspan, Former Federal Reserve Chair, Dies at 100

Alan Greenspan, the economist who ran the Federal Reserve for nearly two decades and became one of the most closely watched policymakers in modern American history, has died at 100. This is not a stock or ETF story in the usual sense, but Greenspan's death carries weight for markets because his decisions still echo through how the Fed, and investors, think about rate policy, asset bubbles and financial risk today.

At a Glance

• Greenspan served as Fed chairman from 1987 to 2006, appointed across four presidencies.
• His wife, NBC journalist Andrea Mitchell, said the cause was complications from Parkinson's disease.
• He presided over Black Monday in 1987, the dot com crash, the 1998 LTCM bailout and the buildup to the 2008 financial crisis.
• He coined the phrase