A notable figure in the world of economics has passed away. Alan Greenspan, a prominent economist, died at the age of 100. He was known for his significant role in shaping US monetary policy during his time as chairman of the Federal Reserve.

Greenspan served under four presidents, holding the position for five terms. His influence on modern American capitalism is still recognized today. Further details about his life and legacy are available from NBC News, as reported by correspondent Andrea Mitchell, who is also Greenspan's wife.

She confirmed his passing on Monday.