Federal Reserve (news - web sites) Chairman Alan Greenspan (news - web sites) participates at the Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill, in this Feb.11, 2003 file photo. Greenspan will undergo surgery Tuesday, April
WASHINGTON - Federal Reserve Chairman Alan Greenspan will undergo surgery Tuesday for an enlarged prostate, the Fed said Monday in an announcement that also said tests last week showed no cancer.
Greenspan is often spoken of as the second-most-powerful man in Washington because of the impact his words and the Federal Reserve's actions can have on interest rates and the economy in general.