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Cover Story: Greenspan, the Market and the Reckoning

By Wang Shiyu, Ding Feng and Han Wei
2026年06月29日 05:12
The 13th Federal Reserve chairman presided over an era of unprecedented economic expansion, but his legacy remains inextricably linked to the 2008 financial crisis and the perils of deregulation
Appointed by President Ronald Reagan in August 1987, Greenspan served five consecutive terms, becoming the second-longest-serving Fed chief since the central bank’s founding in 1913

Alan Greenspan, the 13th chairman of the U.S. Federal Reserve and a central figure in the making of modern monetary policy, died June 22, 2026, at his home in Washington, D.C., from complications of Parkinson’s disease. He was 100.

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