The Fed legend is gone
Alan Greenspan, the Fed chair who steered U.S. monetary policy from 1987 to 2006, has died at 100. That’s a pretty wild run for a guy who spent nearly two decades as the market’s most-watched economic weather vane.
Why investors still care
Greenspan’s tenure covered a stock market boom, low unemployment, and the early formation of the modern “don’t fight the Fed” mindset. Whether you loved him, blamed him, or just stared at his speeches like they were tea leaves, he helped make central banking a spectator sport.
The Greenspan hangover
A lot of today’s investing playbook still lives in the shadow of his era:
- markets still hang on every Fed clue
- rate cuts and hikes can move trillions faster than a superhero sequel announcement
- investors still argue about whether easy money is a feature, not a bug
Big picture: Greenspan didn’t just run the Fed — he helped build the template for how Wall Street thinks about the Fed now.