The expected reappointment of Alan Greenspan at Fed Chairman has not occurred. His current appointment ends on July 1990 , creating a very tight schedule. Alan Greenspan and his advisers have often criticized the Fed but no acceptable candidate has surfaced. Alan Greenspan holds the confidence of the financial community and few economists blame the recession, underway since July 1990 , on him. The announcement of the appointment could be delayed until after he testifies on the central bank's economic outlook for the rest of the year at the Fed hearing. If reappointed Greenspan would have another round of confirmation hearings before the Senate Banking Committee , but these also could be delayed.
The expected reappointment of Alan Greenspan at Federal Reserve Board Chairman has not occurred. His current appointment ends on August 11, creating a very tight schedule. Bush and his advisers have often criticized the Fed but no acceptable candidate has surfaced. Greenspan holds the confidence of the financial community and few economists blame the recession, underway since July 1990, on him. The announcement of the appointment could be delayed until after he testifies on the central bank's economic outlook for the rest of the year at the Humphrey-Hawkins hearing. If reappointed Greenspan would have another round of confirmation hearings before the Senate Banking Committee, but these also could be delayed.