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Special Report: Alan Greenspan Dies at 100 | Balance of Power, Sonic AI
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Special Report: Alan Greenspan Dies at 100 | Balance of Power
Balance of Power
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Jun 22, 2026
•
10:33
Interview
Special Report: Alan Greenspan Dies at 100 | Balance of Power
From
Balance of Power
David Westin
(Host of 'Wall Street Week' and financial news…)
•
Isabelle Lee
(Host)
•
Alan Greenspan
(Former Chairman of the Federal Reserve)
•
James Egelhof
(Guest)
•
John Micklethwait
(Guest)
•
Ryan Reynolds
(unknown)
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Executive Summary
Alan Greenspan, the second-longest serving Federal Reserve Chairman, has died at the age of 100, prompting a reflection on his monumental legacy.
Greenspan's tenure is remembered for guiding a long economic expansion, coining the term "irrational exuberance," and establishing the "Greenspan put"—a policy of cutting rates to support markets during crises.
His legacy is complex and debated, with praise for the prosperity of the 1990s but also significant criticism that his policies contributed to the asset bubbles that led to the 2008 financial crisis.
Greenspan was a staunch advocate for central bank independence, a principle that remains highly relevant, and he expressed deep concern over government entitlement programs crowding out domestic savings.
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