FOR IMMEDIATE RELEASE: CONTACT: CHRISTI HARLAN
Tuesday, February 1, 2000 202-224-0894

COMMITTEE APPROVES GREENSPAN NOMINATION

The Senate Committee on Banking, Housing and Urban Affairs today voted to approve the nomination of Alan Greenspan to a fourth term as chairman of the Federal Reserve. The committee's chairman, Sen. Phil Gramm, made the following statement:

"I was pleased to see a unanimous vote on this nomination from my colleagues on the Banking Committee. This is reflective of the high esteem in which the committee holds Chairman Greenspan. I hope to see quick and similarly decisive action from the full Senate on this important nomination."

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