Greenspan gets the nod for new Fed term

President Bush finally renominated Alan Greenspan to another term as Federal Reserve chairman this week. Greenspan expressed his honour at the renomination. If he holds the chair until June 2006, Greenspan will be the longest-serving chairman in the Fed's 91-year history.

President George W. Bush announced his intention to nominate Alan Greenspan to be Chairman of the Board of Governors of the Federal Reserve System for a term not to exceed four years. Dr. Greenspan now serves as Chairman of t