WASHINGTON: Alan Greenspan, the US Federal Reserve chief who served four presidents and was hailed as the architect of the modern American economy, died on Monday at age 100.

The influential economist spent more than 18 years heading the US central bank, overseeing unprecedented economic growth, but he was later criticised for fostering conditions that led to the 2008 global crisis.

“Under his leadership, the Federal Reserve achieved a sustained era of price stability that supported economic growth and helped anchor the public’s confidence in the institution,” the central bank said in a statement.

Greenspan’s wife Andrea Mitchell, a veteran correspondent with NBC News, said in a statement that he passed away from complications of Parkinson’s disease.

“He was a giant of a man who helped shape the US economy for decades under presidents of both parties, but was always honest in acknowledging his mistakes,” she added.

The Fed on Monday expressed “deep sadness” at Greenspan’s passing, lauding his contributions to “monetary policy and economic thought,” according to a statement.

Published in Dawn, June 23rd, 2026