|For immediate release|
Alan Greenspan this afternoon took the oath of office as Chairman of the Board of Governors of the Federal Reserve System for a fourth four-year term commencing today. The oath was administered in Dr. Greenspan's office by Vice Chairman Roger W. Ferguson, Jr.
President Clinton nominated Dr. Greenspan on January 4 and the Senate confirmed him on February 3. He originally took office on August 11, 1987.
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