WASHINGTON, June 22 (Bernama-Sputnik/RIA Novosti) — Alan Greenspan, a United States (US) economist who served as Federal Reserve Chair five times, died at the age of 100 from complications of Parkinson’s disease, Greenspan’s wife, Andrea Mitchell, said on Monday, reported Sputnik/RIA Novosti.
“Alan passed away at our home this morning at the age of 100 from complications of Parkinson’s disease. He was a giant of a man who helped shape the US economy for decades under presidents of both parties, but was always honest in acknowledging his mistakes,” Mitchell said in a statement, as quoted by NBC.
Greenspan served five consecutive four-year terms under four US presidents and retired in 2006.
In 2000, the French government awarded Greenspan the Legion of Honour. In 2002, Queen Elizabeth II named him an honorary Knight of the British Empire.
In 2005, he was awarded the US’s highest civilian honour, the Presidential Medal of Freedom.
On May 13, the US Senate approved Kevin Warsh as the new chair of the Federal Reserve for the next four years.
— BERNAMA-SPUTNIK/RIA NOVOSTI