Former Federal Reserve Chairman Alan Greenspan has passed away at the age of 100.

Deep Tide TechFlow News, June 22 — Former Federal Reserve Chairman Alan Greenspan has passed away at the age of 100. According to NBC News, citing his wife and the network’s chief foreign affairs and Washington correspondent Andrea Mitchell, he died at home on Monday due to complications from Parkinson’s disease. Greenspan led the U.S. economy through a record-breaking expansion, but the financial crisis that erupted less than two years after his departure tarnished his reputation.

Greenspan served as Federal Reserve Chairman for 18 years (from 1987 until his retirement in early 2006), during which the U.S. stock market prospered and unemployment remained low. He is regarded as a “master” who maintained the smooth operation of the economy, even more so than the four presidents he served under or the seven Treasury secretaries he worked with. Roger Ferguson, who served as Vice Chairman of the Federal Reserve from 1999 to 2006, stated: “Alan Greenspan should be remembered as one of the greatest central bank governors of the second half of the 20th century worldwide, not just within the Federal Reserve.” He pointed out that Greenspan “was one of the first to recognize the impact of technology on improving U.S. productivity, enabling the economy to achieve above-expected rapid growth without triggering inflation.” (Jin10)