Fed's Kroszner sworn in

Randall S. Kroszner took the oath of office on Wednesday 1 March as a member of the Board of Governors of the Federal Reserve System.

The oath was administered by Chairman Bernanke in the Board Room.

President Bush announced his intention to nominate Dr. Kroszner on January 27 and the Senate confirmed him on February 17. Dr. Kroszner was nominated to a seat vacated by the resignation of Edward M. Gramlich on August 31, 2005. The term expires January 31, 2008.