Alan Greenspan testifies before the Senate Banking Committee Tuesday, part of his bid for a fifth term as chairman of the Federal Reserve. First appointed by Ronald Reagan in 1987, Greenspan has lasted through four presidents and built a reputation for effective leadership. Due to term limits, Greenspan will be able to remain in the Fed chief post for another two years at most. Hear NPR's Steve Inskeep and David Wessel of The Wall Street Journal.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.