White House: Bush to tap Warsh, Kroszner for Fed

WASHINGTON (Reuters) – President George W. Bush plans to
nominate Kevin Warsh and Randall Kroszner for open seats on the
U.S. Federal Reserve’s Board of Governors, the White House said
on Friday.

White House spokesman Scott McClellan announced the
decision at a news briefing.

Warsh, a former investment banker, has worked on the White
House National Economic Council since 2002, focusing on
domestic finance and capital market issues.

Kroszner, a professor at the University of Chicago,
specializes in international finance and financial regulatory
issues. He served as a member of Bush’s Council of Economic
Advisers from November 2001 to July 2003.