{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='USA: GREENSPAN NOMINATED AS FEDERAL RESERVE CHAIRMAN' data-url='/boclips/videos/5c54bdb0d8eafeecae135e66' data-video-url='/boclips/videos/5c54bdb0d8eafeecae135e66' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUSA: GREENSPAN NOMINATED AS FEDERAL RESERVE CHAIRMAN\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatAlan Greenspan is headed for another term as chairman of the U-S Federal Reserve.U-S President Clinton announced from the Oval Office that he intends to renominate Greenspan for another four-year term.Clinton praised Greenspan...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eAlan Greenspan is headed for another term as chairman of the U-S Federal Reserve.\u003cbr/\u003eU-S President Clinton announced from the Oval Office that he intends to renominate Greenspan for another four-year term.\u003cbr/\u003eClinton praised Greenspan in a glowing and personnel statement on Tuesday.\u003cbr/\u003eAfter commenting on the strength of the U-S economy Clinton got straight to the point -- he wants Greenspan to stay on his team.\u003cbr/\u003eHe said Greenspan's years of leadership had proved crucial.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"Clearly wise leadership from the Fed has played a very large role in our strong economy. That is why today I am pleased to announce my decision to renominate Alan Greenspan as Chairman of the Federal Reserve Board.  For the past 12 years chairman Greenspan has guided the Federal Reserve with a rare combination of technical expertise, sophisticated analysis, and old fashioned common sense.\" \u003cbr/\u003eSUPER CAPTION: Bill Clinton, US President\u003cbr/\u003eThis would be 73-year old Greenspan's fourth term as Fed chairman.\u003cbr/\u003eHe was originally chosen as the Federal Reserve chairman in 1987 by former U-S President Ronald Reagan.\u003cbr/\u003eHis monetary policy has won praise from Clinton administration officials.  \u003cbr/\u003eGreenspan responded to Clinton's announcement with a brief statement, crediting his colleagues with much of the Fed's success.\u003cbr/\u003eGreenspan said his job was a rare challenge for an economist.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"It's a type of activity which forces economists like ourselves to be acutely aware of the fact that our actions have consequences.  And it's crucially important for us to try to determine in advance what those consequences are and that is a challenge which I must say to you -- as I said to the president before - is like eating peanuts.  You keep doing it, keep doing it and you never get tired.  Of course the future is always ultimately unknowable.\"\u003cbr/\u003eSUPER CAPTION: Alan Greenspan, U-S Federal Reserve Chairman\u003cbr/\u003eGreenspan will most likely see an easy confirmation by the Senate.\u003cbr/\u003ePointing to his handling of interests rates, analysts credit Greenspan with the continued unprecedented economic growth in the U-S.\u003cbr/\u003eHe has managed to keep inflation from killing off the longest post-recession recovery in modern times.\u003cbr/\u003eGreenspan was a staunch backer of legislation that Congress passed last year eliminating barriers that separated banks, investment firms and insurance companies for more than 60 years.\u003cbr/\u003eHe said he thought passage of the law would be a boon for consumers, offering them greater choices. \u003cbr/\u003eBut Greenspan also warned that financial regulators at the federal and state level will have to cooperate more closely and be especially alert to deal with \"tensions\" created by overlapping jurisdictions.\u003cbr/\u003eBefore joining the Federal reserve in 1987, Greenspan chaired the Council of Economic Advisers under President Ford from 1974 to 1977. \u003cbr/\u003eHe also chaired the National Commission on Social Security Reform, which recommended major changes to keep the retirement system solvent in 1983.\u003cbr/\u003eHe was re-appointed by both Presidents Bush and Clinton.\u003cbr/\u003eXFA        Washington DC, Jan. 4, 2000 \u003cbr/\u003e1. President Clinton walks into Oval office with Alan Greenspan\u003cbr/\u003e2. SOUNDBITE: (English) Bill Clinton, US President\u003cbr/\u003e3. Cutaway\u003cbr/\u003e4. SOUNDBITE: (English) Alan Greenspan, Chairman, US Federal Reserve\u003cbr/\u003e5. Clinton and Greenspan taking questions from media\u003cbr/\u003eKeyword-economy\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" 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id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003ebill clinton, north america, ronald reagan, economy, business, consequences\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 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