CHAIRMAN GREENSPAN ON RENOMINATION OF VICE CHAIRMAN FERGUSON TO BOARD OF GOVERNORS.Federal Reserve Board Federal Reserve Board (FRB) The seven-member governing body of the Federal Reserve System, which is responsible for setting reserve requirements, and the discount rate, and making other key economic decisions. Chairman Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body.Notes: His public comments are so powerful that they can send financial markets sharply in either direction. issued the following statement on March 5, 2001: Roger Ferguson has been a distinguished and respected member of the Federal Reserve Board, exercising sound judgment and benefiting our work on a wide range of domestic and international policy matters. I welcome his nomination to another term on the Board. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion