Dennis Lockhart on Greenspan's Legacy, Warsh's Path Ahead
Bloomberg 2026-06-22 17:11:04
Context: Alan Greenspan, the former Federal Reserve chairman, has died at the age of 100. He served as Fed chief for 18 years, from 1987 to 2006, and was known for guiding a record US economic expansion. Greenspan's legacy was marked by both significant achievements and controversy, particularly surrounding the financial crisis that occurred after his tenure.
Key Facts
- Alan Greenspan died at the age of 100 due to complications of Parkinson’s disease.
- Greenspan served as Federal Reserve chairman for 18 years, from 1987 to 2006, and was known for guiding a record US economic expansion.
- The Federal Reserve released a statement saying, “Chairman Greenspan’s legacy endures at the Federal Reserve — in those he mentored directly, in the economists and public servants he inspired, and in the frameworks and practices he helped shape.”
- Greenspan's legacy was later dimmed by the financial crisis that erupted after he stepped down as Fed chairman.
- Dennis Lockhart, former Atlanta Fed President, joined Bloomberg Intelligence Radio to discuss Greenspan's life and legacy, as well as the path ahead for newly appointed Chairman Kevin Warsh.