President Clinton has nominated Federal Reserve board chairman Alan Greenspan to a third four-year term at the nation's central bank. In addition, the president moved to fill two open slots at the Fed, nominating his budget director, Alice Rivlin, and St. Louis economist Laurence Meyer for vacant seats on the board. The renomination of Greenspan was expected and it has the support of the financial markets. NPR's White House correspondent Mara Liasson reports.
Copyright 1996 NPR