Dr. Greenspan knows a recession when he sees one. The cautious chief of the Federal Reserve Board ,was a child through the Depression, became President Gerald Ford's top economic adviser during the economic woes of the mid-'70s, and ascended to his current post mere months before the stock market crash of 1987. It stands to reason that Greenspan, often dubbed the second most powerful man in America, is obsessed with balancing the U.S. economy between boom and bust. (abcnews.go.com)
He took office June 20, 2000, as Chairman of the Board of Governors of the Federal Reserve System for a fourth four-year term ending June 20, 2004. As Chairman of the Board, Greenspan receives $157,000. His opposite in England receives $345,000 while the head of the European Centeral Bank gets $340,000. (GetExuberant.com). He also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. He originally took office as Chairman and to fill an unexpired......
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