Bush To Greenspan: No Hard Feelings

TEXAS GOVERNOR GEORGE W. BUSH wants to end his family's feud with Federal Reserve Chairman Alan Greenspan. Back in 1992, George Bush senior and Treasury Secretary Nicholas Brady bitterly blamed Greenspan's tight-money policies for a slow economic recovery, which may have cost the President reelection. But that was then.

Now, George W., the front-runner for the 2000 Republican Presidential nomination, wants President Clinton to announce that he will renominate Greenspan to a fourth term without waiting for the Fed chairman's current term to expire in June, 2000. "The Governor would like the President to make clear at the earliest moment that he intends to reappoint Greenspan," former Fed Governor Lawrence Lindsey, Bush's economic adviser, tells BUSINESS WEEK. "It would reassure the markets and be good for the country."