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Federal Reserve mourns late Alan Greenspan, cites monetary legacy
The Fed said Greenspan served as chair from 1987 to 2006 and helped support a sustained era of price stability.
The Federal Reserve said it is expressing its condolences following the passing of Alan Greenspan, noting his role as chairman from 1987 to 2006.
In a statement, the Fed said Greenspan guided the central bank through periods of significant economic expansion and periods of stress, and that his leadership helped support a sustained era of price stability.
The Federal Reserve also highlighted what it described as Greenspan's analytical discipline in monetary policymaking, saying it helped establish credibility that remains a key asset of the institution.
The Fed added that his legacy endures through people he mentored and the frameworks and practices he helped shape, and it extended its deepest condolences to Greenspan's wife, Andrea Mitchell, and his family.