Greenspan's Fed Era: Prosperity, Crises, and a Debated Legacy

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Source: The New York Times
Greenspan's Fed Era: Prosperity, Crises, and a Debated Legacy
Photo: The New York Times
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Alan Greenspan, who led the Federal Reserve from 1987 to 2006 through periods of rapid growth and financial upheaval, died at 100 from Parkinson’s complications. He was credited with keeping inflation low and guiding a market-friendly era, but his tenure drew sharp criticism for deregulation and for contributing to conditions that culminated in the 2008 crisis, leaving a legacy that remains hotly debated across political lines.

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