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Former Fed chief Alan Greenspan is dead

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Alan Greenspan is dead. He was 100 years old. His wife said this on Monday. Greenspan was an expert for money. He led the Fed from 1987 to 2006.

He worked for 4 presidents. Many crises happened in his time. There were stock market crashes. There were terror attacks in 2001. People called him a magic man. He wanted the economy to grow.

Later people did criticize his work. He kept the Zinsen low for a long time. Experts say: This caused a big money crisis later. Greenspan said: I made mistakes.

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Definitions

Notenbank
A Notenbank is a special bank for a country. It controls money and Zinsen.
Federal Reserve
The Federal Reserve is the Notenbank of the USA. People call it Fed.
Zinsen
Zinsen are costs for borrowed money. Low Zinsen help people to borrow money.
Ökonom
An Ökonom is an expert for money and the economy.

People

Alan Greenspan
An American expert for the economy. He led the Fed for many years.
Andrea Mitchell
She is the Frau of Alan Greenspan.

Locations

United States of America
This is a large country. People call it USA.

Sources

Logo Bild
Bild

Ex-Fed-Chef Alan Greenspan (100) ist tot | Politik

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Logo Spiegel
Spiegel

Alan Greenspan ist tot: Ehemaliger Chef der US-Notenbank im Alter von 100 Jahren gestorben

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Logo SRF
SRF

Alan Greenspan stirbt im Alter von 100 Jahren

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Logo Standard
Standard

Ex-Fed-Chef Greenspan im Alter von 100 Jahren gestorben

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Logo ORF
ORF

Langjähriger Fed-Chef Greenspan 100-jährig gestorben

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