Woofun AI reports that Alan Greenspan, the former Chairman of the Federal Reserve, has passed away at the age of 100 on June 22. Greenspan served as Fed Chair for 18 years, from 1987 to 2006, overseeing the administrations of Reagan, H.W. Bush, Clinton, and W. Bush. He was widely recognized for his efforts in combating inflation and fostering financial stability, earning the moniker 'Maestro of the Economy' during the robust economic expansion of the 1990s.

Despite his accolades, Greenspan's tenure remains a subject of intense debate among economists. His advocacy for financial deregulation and low-interest-rate policies is frequently cited as a contributing factor to the 2008 global financial crisis, which was precipitated by the collapse of the U.S. housing bubble and the subprime mortgage meltdown. During a 2008 congressional hearing, Greenspan acknowledged 'flaws' in his faith in market self-regulation, a concession that sent shockwaves through Wall Street. His death signifies the closing of a significant chapter in the history of the modern global financial system.