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. Last Updated: 07/27/2016

Fed Chief Approved

WASHINGTON () -- The Senate confirmed Alan Greenspan to a third term as chairman of the Federal Reserve Board, dismissing the pleas of critics who had blocked action for almost four months. The 91-7 vote was followed by approval of two mainstream economists to the Fed's board of governors -- Alice Rivlin, the White House budget director, and Laurence Meyer, an economic forecaster from St. Louis. Analysts do not expect the two newcomers to alter the Fed's anti-inflationary tilt.