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.
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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.