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Former Fed Chair Alan Greenspan Dies at 100

6/22/2026

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Summary

Story summary

Alan Greenspan, former Fed Chair, died at age 100 from complications of Parkinson’s disease.
Greenspan led the Federal Reserve (Fed) from 1987 to 2006 under four presidents.
Greenspan supplied liquidity during the 1987 market crash that steadied financial markets.
Andrea Mitchell, veteran NBC News journalist, recalled Greenspan's love of baseball, jazz and the Washington Commanders while mourning his death.

History

Historical Context

Mid-October 1907 the New York Stock Exchange fell nearly 50 % and J.P. Morgan rallied $25 million of gold to shore banks, prompting the Aldrich-Vreeland Act and the 1913 Federal Reserve Act. When the 1987 market crash threatened liquidity, Fed Chair Alan Greenspan deployed emergency funds, echoing Morgan’s 1907 rescue and cementing central-bank intervention as standard practice.

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Story summary

Alan Greenspan, former Fed Chair, died at age 100 from complications of Parkinson’s disease.
Greenspan led the Federal Reserve (Fed) from 1987 to 2006 under four presidents.
Greenspan supplied liquidity during the 1987 market crash that steadied financial markets.
Andrea Mitchell, veteran NBC News journalist, recalled Greenspan's love of baseball, jazz and the Washington Commanders while mourning his death.

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