Greenspan takes oath for 5th term
Fed chief sworn in for his last term by Vice President Cheney in a private ceremony in Colorado.
June 21, 2004: 10:51 AM EDT
NEW YORK (CNN/Money) - Alan Greenspan has been sworn in for his fifth and last term as Federal Reserve Chairman, the nation's central bank said Monday.
Vice President Dick Cheney administered the oath to Greenspan in a private ceremony Saturday at the Colorado home of former President Gerald Ford, the Fed said in a statement.
Witnesses included Betty Ford and Greenspan's wife, NBC News correspondent Andrea Mitchell.
Comment: He is holding public office. Why is there a private ceremony in a private home in Colorado? Is this strange? It sounds strange to me.