Senate vote confirms Greenspan

The U.S. Senate has voted to confirm Alan Greenspan for a fifth and final term as chairman of the Federal Reserve, clearing him to serve at the Fed into 2006.

The Senate backed Greenspan's renomination by voice vote without opposition late Thursday, just days before his fourth term was set to expire.

Greenspan, 78, took over as head of the central bank in 1987, when he was appointed to serve an unexpired term as a member of the Fed's board by then-President Ronald Reagan.

He was renominated on

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