After more than 18 years serving as chairman of the Federal Reserve, Alan Greenspan will retire on January 31, 2006 from the most powerful banking job in the world.
Greenspan has overseen a national finance policy that many believe was responsible for sustained economic growth during his time, except for two relatively mild re- cessions. Broadcast news outlets provided extensive coverage on both the announcement of his resignation and the nomination of his successor Ben Bernanke, who served under him.
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