CLINTON MAY RENAME GREENSPAN TO FED.Byline: Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. President Clinton is close to making a decision in favor of renominating Federal Reserve 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. , administration officials said Friday. The officials, who spoke on condition of anonymity, said the announcement could come within a week. Greenspan's current term expires March 2. While Greenspan's renomination was not in doubt, Clinton's choices for two other Fed board seats were not as clear, the officials said. The president would like to nominate New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. Felix Rohatyn as Fed vice chairman to replace Alan Blinder, who resigned last month, the officials said. |
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