Herb Kohl: “I strongly support Alan Greenspan's renomination to Chair the Federal Reserve Board for a fourth term. The United States…”

“I strongly support Alan Greenspan's renomination to Chair the Federal Reserve Board for a fourth term. The United States is currently enjoying the longest period of economic growth in our history, with price stability and record low unemployment. Welfare rolls have been dramatically reduced, and we have more Americans in homes of their own and invested in the burgeoning stock market than ever before. As Chairman of the Federal Reserve Board for the past 12 years, Dr. Greenspan deserves no small amount of the credit for this unprecedented growth and prosperity. Chairman Greenspan has consistently steered American monetary policy on a prudent and responsible course. He has won the respect and confidence of policymakers, the financial services industry and the American people. Indeed, we have witnessed that Alan Greenspan's words alone have the potential to trigger fluctuations on the global markets. Commendably, Chairman Greenspan has also upheld a high standard of evenhanded, apolitical management of our nation's money supply. And last year, Chairman Greenspan played a critical leadership role in the passage of the Financial Services Modernization Law to expand the market powers and competitiveness of our financial institutions, while lowering fees and promoting financial product innovation to the benefit of all Americans. And this strong economy has coincided with fiscal discipline on our part, rather than the deficit spending of the past.”