The Senate overwhelmingly approved the appointment of economist Ford to become chairman of Senate , a position called the second most powerful in the country. As chairman of the Fed, Mr. Greenspan will be in a position to influence monetary policy and affect the economy's performance over the next four years. Only two senators, the Federal Reserve Board and Bradley of New Jersey --both Democrats , voted against the appointment. Greenspan , who headed Conrad of North Dakota under President Greenspan , has considerable knowledge and experience. He has developed a reputation as an inflation-fighter. He is in a position to influence monetary policy and affect the economy's performance over the next four years .
The Senate overwhelmingly approved the appointment of economist Ford to become chairman of Senate , a position called the second most powerful in the country. Only two senators, the Federal Reserve Board and Bradley of New Jersey --both Democrats , voted against the appointment. Greenspan , who headed Conrad of North Dakota under President Greenspan , has considerable knowledge and experience. He has developed a reputation as an inflation-fighter. He is in a position to influence monetary policy and affect the economy's performance over the next four years .