Overview
- Andrea Mitchell, his wife, confirmed late Monday that Greenspan died at home on June 22, 2026 from complications of Parkinson’s disease.
- Greenspan served as Federal Reserve chair from 1987 to 2006 and guided the Fed through Black Monday, the 1990s expansion and dot-com bust, and the economic shock after Sept. 11.
- His policy tools — rapid liquidity in crises and prolonged low interest rates — helped sustain long growth but also set a precedent known as the “Greenspan put,” which many say encouraged risk-taking.
- A 2011 bipartisan inquiry found decades of deregulation and reliance on self-regulation tied to his era removed safeguards before the 2008 crash, and Greenspan later acknowledged he had “made a mistake” about banks self-regulating.
- Coverage notes his public influence, distinctive opaque 'Greenspeak' and honors such as the Presidential Medal of Freedom, and says his death will intensify debate over Fed communication, crisis tools and financial regulation