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Alan's Next Span
By Jesse Freund

(Business 2.0) – Here's one way President Bush can prevent Alan Greenspan from raising interest rates before the election: Don't rehire him when his fourth four-year term expires on June 20. But it'll never happen. The president has said he wants the much-admired Federal Reserve Board chairman to stay, so it's all but certain that Greenspan will be running the Open Market Committee meeting on June 29 and 30. Though few foresee a rate hike then, the chairman's likely next move won't boost his popularity. If the economic recovery continues, a quarter-point bump is expected in August.