Chairman Greenspan takes oath of office.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. on June 19, 2004, took the oath of office as Chairman of the Board of Governors of the Federal Reserve System for a fifth four-year term commencing on June 20, 2004. The oath was administered by Vice President Dick Cheney at the Colorado home of former President Gerald Ford. Witnesses included President and Mrs. Ford and Chairman Greenspan's wife, Andrea Mitchell. President Bush nominated Dr. Greenspan on May 18, 2004, and he was confirmed by the Senate on June 17, 2004. He originally took office on August 11, 1987. |
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