Greenspan, thinking

Doug Henwood dhenwood at panix.com
Thu Apr 18 06:13:38 PDT 2002


Micheal Ellis wrote:


>please excuse my ignorance but how did greenspan attain his position anyway?
>i know he wasn't elected......was he appointed?

Members of the Fed board of governors are appointed by the president & confirmed by the Senate. AG himself was a Wall Street economic consultant of no particular distinction who was long involved in Republican politics before Reagan appointed him Fed chair.

Doug



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