Greenspan may try for a fifth term as Fed chief

Alan Greenspan, chairman of the US Federal Reserve, on Wednesday said he would accept another term as Fed chairman if nominated by the White House. "The president and I have not discussed this but I greatly appreciate his confidence," Mr Greenspan said in a statement.

Source: Bloomberg News

Federal Reserve Chairman Alan Greenspan said he would accept a fifth term should President George W. Bush reappoint him, putting to rest talk that the 77- year-old central banker might bow out next year.

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