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Alan Greenspan announcing that he will replace Paul Volcker as Chairman of the Federal Reserve.
 
Alan Greenspan announcing that he will replace Paul Volcker as Chairman of the Federal Reserve.
Alan Greenspan, former chairman of the Council of Economic Advisers, speaks to reporters at the White House 6/2/1987 after President Reagan announced that he will replace Paul Volcker (Background) who resigned as Chairman of the Federal Reserve.
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