Federal Reserve Board – Federal Reserve notes with deep sadness the passing of Alan Greenspan

The Federal Reserve notes with deep sadness the death of Alan Greenspan. Chairman Greenspan served as the 13th Chairman of the Board of Governors from 1987 to 2006, and his contributions to monetary policy and economic thought left a lasting mark on this institution, the broader economy, and the nation.

During his 18 years as chairman, he guided the Federal Reserve through periods of significant economic expansion and periods of considerable stress. Under his leadership, the Federal Reserve achieved a sustained era of price stability that supported economic growth and helped anchor public confidence in the institution.

He brought rigorous analytical discipline to monetary policymaking and helped establish the credibility that remains one of the Federal Reserve’s most important assets.

Chairman Greenspan’s legacy lives on at the Federal Reserve: in those he directly mentored, in the economists and officials he inspired, and in the frameworks and practices he helped shape.

The Federal Reserve extends its deepest condolences to his wife, Andrea Mitchell, and his family.

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