2 Federal Reserve Members Sworn In

Former Princeton economist Ben Bernanke and longtime central bank staff aide Donald Kohn were sworn in as members of the Federal Reserve Board.

Federal Reserve Chairman Alan Greenspan administered the oath of office at the Fed's boardroom. The two newest members are expected to attend the Fed's Aug. 13 meeting to discuss interest-rate policy.

With the addition of Bernanke and Kohn, President Bush has selected five of the seven Fed board members.