Report says Greenspan to set up consulting firm

Federal Reserve Chairman Alan Greenspan plans to establish a consulting firm called Greenspan Associates in Washington after he leaves the central bank at the end of the month, the Wall Street Journal reported on Thursday 26 January.

The WSJ said Greenspan also plans to give speeches and write a book.

Michelle Smith, who the Fed said on Wednesday will leave her job as director of its office of board members to join Greenspan's new firm, will be among his first hires, the paper said.

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