Word: federales
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Dates: during 1990-1999
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Because of the Federal Reserve's power to affect the economy, investors have long paid close attention to Greenspan's public statements.
The man whose every word can move markets, Federal Reserve Chairman Alan Greenspan, will be the keynote speaker at Harvard's Commencement Day ceremonies on June 10.
As chairman of the Federal Reserve's Board of Governors and its Open Market Committee--the nation's principal monetary policymaking body--Greenspan has been widely credited with preserving the strength of the U.S. economy for more than a decade.
He was appointed chairman of the Federal Reserve in 1987 and has been subsequently re-appointed by Presidents George Bush and Bill Clinton. His current term will expire in 2000.
"[He] has done an outstanding job as chairman of the Federal Reserve," Feldstein said. "As chairman, he has guided the Federal Reserve to eliminate inflation while maintaining economic growth."