Greenspan's Fed legacy reopens

Alan Greenspan's death at 100 reopens the legacy of the Fed chair who steered price stability and a 1990s boom, then faced scrutiny after the housing collapse and 2007-2009 financial crisis.

1. Frame 1Greenspan's death at 100 turns a Fed obituary into a debate over markets, price stability, and crisis risk.
2. Frame 2From 1987 to 2006, he chaired the Fed across five terms and four presidents.
3. Frame 3His early liquidity response to the 1987 crash made central-bank action part of market maps.
4. Frame 4Low inflation and a 1990s boom built his Maestro reputation while unemployment kept falling.
5. Frame 5After housing collapsed, critics tied easy money and light regulation to the 2007-2009 Great Recession.
6. Frame 6Today's Fed inherits the tension: support growth, keep inflation stable, and watch asset bubbles before they break.