(CNN) - Former Fed Chairman Alan Greenspan is supporting John McCain's White House bid, CNN has confirmed.
"I am a Republican and expect to vote for the Republican candidate, but I am not involved in politics," Greenspan said in a statement issued to CNN by his office.
The statement follows comments Greenspan reportedly made to a Spanish newspaper on Sunday.
"I support John McCain, who I know very well and who I respect a lot," he told El Pais.
McCain has previously indicated he will seek Greenspan's council on economic issues should he win the presidency. At a campaign event in South Carolina last fall, the Arizona Republican even said he would take him "alive or dead."
"If he's alive or dead it doesn't matter. If he's dead, just prop him up and put some dark glasses on him like, like 'Weekend at Bernie's,"' McCain joked. "Let's get the best minds in America together and fix this tax code."
Greenspan served as the U.S. Fed chairman from 1987 to 2006.
In a statement, McCain spokesman Tucker Bounds said Greenspan's support is "of enormous importance to John McCain."
"It should reassure voters that, while John McCain is humble, he is still the best qualified candidate to keep taxes low and get our economy back on track," Bounds said.