Bush in favour of another term for Greenspan

US president Bush has said he backs Alan Greenspan for reappointment as chairman of the Federal Reserve. Bush is quoted as telling reporters "I think Alan Greenspan should get another term".

Source: Financial Times

President George W. Bush said Tuesday he would support the reappointment of Alan Greenspan as chairman of the Federal Reserve, quashing rumours that a dispute over the White House's tax plans could lead to his removal.

The statement comes amid a concerted effort by the White House to