CNBC's Steve Liesman on the life and legacy of former Federal Reserve Chairman Alan Greenspan

• Alan Greenspan, former Federal Reserve Chairman, died at age 100, having steered U.S. monetary policy for five terms.
• He introduced greater transparency at the Fed and famously held off raising rates in the mid-90s due to a belief in a productivity boom.
• Greenspan later acknowledged a mistake in his belief that markets would self-correct, a doctrine that influenced the Fed's approach to subsequent financial crises.

CNBC's Steve Liesman reflects on the life and legacy of former Federal Reserve Chairman Alan Greenspan, highlighting his significant influence on U.S. monetary policy over five terms. The discussion covers Greenspan's approach to transparency, his 'productivity' theory during the internet revolution, and his later acknowledged mistakes regarding market self-correction, which shaped the Fed's response to crises.