Alan Greenspan is dead. He was 100 years old. His wife Andrea Mitchell said this on Monday. He had the disease Parkinson. Greenspan led the Fed from 1987 to 2006.
People called him 'Orakel' or 'Maestro'. This means he knew many things about the future. He helped the economy in hard times. For example after the crash in 1987. He often made the Zinsen lower. This helps the economy.
Some people criticize his work. Experts say: The low Zinsen were a mistake. They caused a crisis on the housing market. In 2008 came a big money crisis. Greenspan said later: I did not see some dangers.
Greenspan wanted to be a musician. He played music instruments. Then he studied economics. He worked for 4 US presidents. He was a very powerful man for money.
