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Alan Greenspan, former Federal Reserve Chairman, dies at 100

(NBC, KYMA) - Former Federal Reserve Chairman Alan Greenspan has died at the age of 100.

Greenspan led the Federal Reserve under four different presidents from both parties.

Greenspan helped shape modern American capitalism from the final years of the Cold War-era through the dawn of the digital age.

He presided over the fed during one of the longest economic expansions in U.S. history, a boom stretching from 1991 to 2001.

However, he also had his critics who said some of his decisions created the conditions for the global financial crisis of 2007-08, such as advocating for deregulation of the financial sector.

Greenspan is survived by his wife of 29 years, Andrea Mitchell, the chief Washington correspondent and chief foreign affairs correspondent for NBC news.

Mitchell released a statement saying the influential economist died Monday "from complications of Parkinson's disease," and that, "He will be remembered for his brilliance and his kindness. Being his life partner was the joy of my life."

The Federal Reserve also released a statement on Greenspan's passing, saying in part, "Chairman Greenspan's legacy endures at the Federal Reserve—in those he mentored directly, in the economists and public servants he inspired, and in the frameworks and practices he helped shape."

Article Topic Follows: National Politics

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Dillon Fuhrman

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