Former Federal Reserve chair Alan Greenspan dies at age 100

Alan Greenspan, the former chairman of the U.S. Federal Reserve, has died at the age of 100 due to complications from Parkinson's disease. Appointed by President Ronald Reagan in 1987, Greenspan served as chair until 2006, spanning the administrations of four different U.S. presidents. His tenure remains the second-longest in the bank's history, following William McChesney Martin. Shortly after taking office, Greenspan managed the market response to the 'Black Monday' crash on October 19, 1987, when the Dow Jones index fell 22%. He pledged liquidity support for financial systems, facilitating a market recovery. During his tenure, he was credited for the economic growth of the 1990s and early 2000s. Following the 2001 recession and the September 11 terrorist attacks, he lowered the federal funds rate to 1%. His wife, NBC News correspondent Andrea Mitchell, confirmed his passing.