Former Federal Reserve Chairman Alan Greenspan died at the age of 100

Former Federal Reserve Chairman Alan Greenspan passed away on June 22 at the age of 100, according to NBC quoted Alan Greenspan's wife as saying.<br /> Greenspan is one of the longest-serving Federal Reserve chairmen in U.S. history. He has been in charge of the Federal Reserve for 18 consecutive years from 1987 to 2006, and has served as four presidents of Reagan, George W. Bush, Clinton, and George W. Bush. He is known for fighting inflation and maintaining financial stability. In the 1990s, he dominated the decade-long boom and expansion cycle of the U.S. economy and was regarded as the "economic czar" by the market.<br /> However, Greenspan's historical assessment is controversial. It has long advocated the policy of financial deregulation and maintaining low interest rates, which is considered by many economists to be one of the important root causes of the 2008 global financial crisis. At that time, the U.S. real estate bubble burst and the subprime mortgage crisis broke out, triggering a global financial tsunami. Greenspan himself also rarely admitted in a 2008 congressional hearing that there were "flaws" in his belief in market self-discipline, which shocked Wall Street.<br /> Greenspan's death marks the end of a figure of the times who shaped the modern global financial system.