Federal Reserve mourns former chairman Alan Greenspan
The Federal Reserve said Greenspan’s leadership helped support price stability, economic growth and public confidence.
The Federal Reserve said it is saddened by the death of former Chairman Alan Greenspan and described his tenure as shaping the central bank’s approach to monetary policy.
Greenspan led the Fed for 18 years, from 1987 to 2006. The central bank said that period included significant economic expansion and considerable stress. It said his leadership helped produce a sustained era of price stability that supported economic growth and helped anchor public confidence in the institution.
In its statement, the Fed said Greenspan was the 13th chairman of the Board of Governors. It said he brought rigorous analytical discipline to monetary policymaking and helped establish credibility as one of the central bank’s most important assets. The statement also said his legacy lives on through people he mentored and inspired, as well as through frameworks and practices he helped shape.
The Fed extended condolences to his wife, Andrea Mitchell, and to his family. The release did not provide further details about his death.
The release included media contact information for follow-up.
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Editorial note: This article was prepared with AI assistance and requires editorial review before publication.
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