Senate OKs Nominees for Fed, Economic Panel
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President Bush’s nominations of Randall Kroszner and Kevin Warsh to the Federal Reserve Board won Senate approval.
Both men were approved by voice vote, as was Edward Lazear, whom Bush nominated as chairman of the three-member White House Council of Economic Advisors.
The selections of Kroszner, an economics professor at the University of Chicago, and Warsh, an economic assistant to Bush, bring the seven-member Fed board to full strength.
Lazear, a business professor at Stanford University, takes the post held by Ben S. Bernanke before he succeeded Alan Greenspan as Fed chairman.
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