Search
 

Greenspan Sworn in-Again-as Fed Chairman

WASHINGTON - Alan Greenspan took the oath of office as Federal Reserve Chairman for the fifth time June 19. At the Colorado home of former President Gerald Ford and his wife, Vice President Dick Cheney administered the oath. Greenspan's wife, Andrea Mitchell, was also in attendance. His fifth four-year term...

By Staff Writer | Updated on June 29, 2004

WASHINGTON – Alan Greenspan took the oath of office as Federal Reserve Chairman for the fifth time June 19. At the Colorado home of former President Gerald Ford and his wife, Vice President Dick Cheney administered the oath. Greenspan’s wife, Andrea Mitchell, was also in attendance. His fifth four-year term as chairman began June 20, 2004, but his term on the board only runs through Feb. 1, 2006. President George W. Bush nominated Greenspan on May 18 and he was confirmed by the Senate on June 17. He originally took office on August 11, 1987. He has been designated chairman by Presidents Ronald Reagan, George H.W. Bush, Bill Clinton, and the current President Bush. Greenspan’s previous presidential appointments include the President’s Foreign Intelligence Advisory Board, the Commission on Financial Structure and Regulation, the Commission on an All-Volunteer Armed Force, and the Task Force on Economic Growth. He has also served on Reagan’s Economic Policy Advisory Board, Time magazine’s Board of Economists, a senior adviser to the Brookings Panel on Economic Activity, and a consultant to the Congressional Budget Office. Before his appointment to the Fed, Greenspan served as a corporate director for Aluminum Company of America (Alcoa); Automatic Data Processing, Inc.; Capital Cities/ABC, Inc.; General Foods, Inc.; J.P. Morgan & Co., Inc.; Morgan Guaranty Trust Company of New York; Mobil Corporation; and The Pittston Company. Aside from a number of honorary degrees, Greenspan received a bachelor’s in economics (summa cum laude) in 1948, an M.A. in economics in 1950, and a doctorate. in economics in 1977, all from New York University. The native New Yorker also has performed advanced graduate study at Columbia University.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.