Former Federal Reserve Chair Alan Greenspan [AP via Yonhap]
Former Federal Reserve Chair Alan Greenspan [AP via Yonhap]

Former Federal Reserve Chair Alan Greenspan has died at 100, the Fed announced Monday.

Greenspan, who had been battling complications from Parkinson's disease, died at his home that day, the Associated Press and other outlets reported.

Greenspan served as Fed chair from 1987 to 2006. He is also credited with improving the transparency of monetary policy by releasing minutes from Federal Open Market Committee meetings immediately after each session, a practice he began in February 1994.

A staunch advocate of central bank independence, Greenspan also spoke out earlier this year when the Justice Department launched an investigation into former Fed Chair Jerome Powell on perjury charges.

He joined 12 other economic luminaries — including former Fed chairs Ben Bernanke and Janet Yellen — in a joint statement criticizing the probe as "an unprecedented attempt to undermine the Fed's independence."


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