US President George W Bush said this afternoon he would reappoint Federal Reserve chairman Mr Alan Greenspan after his term expires next year.
"I think Alan Greenspan should get another term," Mr Bush told a group of business journalists in response to a question about the central bank chief.
He made the comments on the same day that Mr Greenspan, 77, faced surgery for an enlarged prostate.
The Federal Reserve said in a statement yesterday that tests were negative for prostate cancer and that Mr Greenspan would to be back in his office later this week.
Mr Greenspan, appointed to the Fed in 1987, is widely credited with helping keep the US economy on an even keel with a monetary policy that kept inflation in check with enough stimulus to avert a deep slump.
Mr Greenspan's fourth four-year term as chairman expires June 20, 2004.
AFP