Greenspan joins Pimco in first post-Fed role

Former Federal Reserve chairman Alan Greenspan has signed on as a consultant to Newport Beach-based bond investment giant Pacific Investment Management, known as Pimco, the Wall Street Journal reported Wednesday 16 May.

The arrangement will make Greenspan an advisor to Bill Gross, who manages the Pimco Total Return fund, the world's largest bond fund.

Greenspan has refrained from making public comments on Fed interest rate policy since he left the central bank in January 2006, but he told the J