Bush nominates two to Fed board

The White House announced on Friday 27 January it was nominating Randall Kroszner and Kevin Warsh to fill two vacancies on the Federal Reserve's seven-member board of governors.

Kroszner is an economics professor in the University of Chicago's graduate school of business and a previous member of the Council of Economic Advisers.

Warsh is a special assistant to the president for economic policy at the White House.

The nominations will be subject to Senate approval.

The selections were made as the