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Last updated at: (Beijing Time) Thursday, April 24, 2003
Greenspan Says He Would Accept Fifth Term as Fed Chairman
US Federal Reserve (Fed) Chairman Alan Greenspan said Wednesday that he would accept a fifth term if he would been nominated.
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US Federal Reserve (Fed) Chairman Alan Greenspan said Wednesday that he would accept a fifth term if he would been nominated.
US President George W. Bush said in a surprise announcement Tuesday that he planned to nominate Greenspan for a new term when his current one expires next year.
"If President Bush nominates me and the Senate confirms his choice, I would have every intention of serving," Greenspan said in a brief statement.
"The president and I have not discussed this, but I greatly appreciate his confidence," Greenspan said. "I have been privileged to be appointed by five presidents to various positions."
Greenspan has been serving as US Fed chairman since August 1987.
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