Even as they grappled with inflation worries, most Federal Reserve officials at their August meeting didn't think the Fed's key interest rate was too low, given the harder-to-get credit conditions straining consumers and businesses alike.
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Greenspan's Career A look back at the career of Alan Greenspan, who served for 18 years as chairman of the Federal Reserve.
Ben S. Bernanke
On Monday, Oct. 24, 2005, President Bush nominated Ben S. Bernanke, chairman of the president's Council of Economic Advisers, to succeed Federal Reserve Chairman Alan Greenspan when he retires in January. Learn more about Bernanke's background and nomination.
In 1987, Alan Greenspan was sworn in as Chairman of the Federal Reserve. Look back at his more than 18-year career through four presidencies with analysis of his legacy, a compilation of stories about his tenure and archived photographs.