President Reagan has named Alan Greenspan, a New York economist, as chairman of the Federal Reserve Board, succeeding Paul Volcker.
The 61-year-old Greenspan must be confirmed by the Senate for the four-year term. He was chairman of President Ford’s Council of Economic Advisors from 1974.
Greenspan is a member of two predominantly Jewish clubs, the Hillcrest Country Club in Los Angeles, and the Harmonie Club in New York.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.