A notable figure in the world of economics has passed away. Alan Greenspan, the former chairman of the Federal Reserve, died at the age of 100. Greenspan had a long tenure at the nation's central bank, serving for 18 and a half years.

He was first appointed to this position by President Ronald Reagan in 1987. Further details about Greenspan's life and legacy are available from KTXS, the local ABC affiliate in Abilene, Texas.