Former Federal Reserve Chair Alan Greenspan has passed away at the age of 100.

June 22 — Former Federal Reserve Chairman Alan Greenspan died Tuesday at age 100, according to a statement from his wife, as reported by NBC. Greenspan is one of the longest-tenured Federal Reserve Chairmen in U.S. history, serving 18 consecutive years in the role from 1987 to 2006 across the presidential administrations of Ronald Reagan, George H.W. Bush, Bill Clinton, and George W. Bush. He was widely recognized for his work curbing inflation and upholding financial stability. During the 1990s, he presided over a decade-long U.S. economic boom that earned him the nickname "Maestro of the Economy." However, Greenspan’s historical legacy remains deeply controversial. His decades-long advocacy for financial deregulation and commitment to low interest rates are seen by many economists as key factors leading to the 2008 global financial crisis. The bursting of the U.S. housing bubble and subsequent subprime mortgage crisis triggered a worldwide financial meltdown. During a 2008 congressional hearing, Greenspan himself rarely admitted there were "flaws" in his belief in the self-regulation of markets — a remark that shocked Wall Street. Greenspan’s passing marks the end of an era for a figure who helped shape the modern global financial system.