Alan Greenspan, former Fed chairman, dies at age 100

AI Summary

Alan Greenspan, former Fed chairman and a significant economic policymaker, passed away at the age of 100 due to complications from Parkinson's Disease. He served as chair from 1987 to 2006, making his tenure the second longest in history. Greenspan's warning about 'irrational exuberance' in a 1996 speech contributed to a 3% decline in the Tokyo stock market at that time. His statements and policies have had lasting impacts on market behaviors and monetary policy, influencing investment strategies across the financial landscape.