Economist Alan Greenspan dead at 100

The former Federal Reserve chairman died at his home on Monday due to complications with Parkinson’s disease, according to his wife, NBC News correspondent Andrea Mitchell. Greenspan helped shape the American economy for decades and was always honest in acknowledging his mistakes, according to a statement from Mitchell shared by NBC. Mitchell also underscored her husband’s passion for baseball, tennis, golf, and jazz. His brilliance and kindness will always be remembered, she added.

What kind of impact did Greenspan have on the nation's economy? Greenspan led the Federal Reserve through periods of significant stress and economic expansion for nearly 20 years, according to the Fed’s Monday statement. Greenspan helped the governing board achieve an era of price stability, helping to support economic growth and anchor the public's trust, the statement added.

European Central Bank President Christine Lagarde released a Monday statement mourning Greenspan’s passing. He served as a towering figure who led the United States for nearly 20 years, according to Lagarde.

The New York native assumed the role of Fed chair in 1987 under the Reagan administration, and served under three additional administrations across party lines until leaving the role in 2006. Despite what many see as Greenspan’s positive economic impact, he later acknowledged his mistakes that contributed to the 2008 recession.