Reappoint Alan Greenspan

Over the next six months, two extraordinary things will happen. Legislation to balance the federal budget will pass, and three slots will be open at the Federal Reserve, including Alan Greenspan's spot as Fed chairman. Who will guide the nation's monetary policy over the next few years will be even more important than usual. That is why Clinton should reappoint Greenspan, who has done a good job in a difficult period. At the same time, he should fill the other two slots with governors who understand how the economy is changing.

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