Swearing-in ceremony for Governors Bies and Olson. (Announcements).Susan Schmidt Susan Schmidt is a reporter with the Washington Post and was awarded the Pulitzer Prize for investigative reporting in 2006. She is co-author with Michael Weisskopf of Truth at Any Cost: Ken Starr and the Unmaking of Bill Clinton (ISBN 0-06-019485-5) Bies and Mark W. Olson This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. were formally sworn in as members of the Board of Governors of the Federal Reserve System Board of Governors of the Federal Reserve System The managing body of the Federal Reserve System, which sets policies on bank practices and the money supply. at a ceremony on January 3, 2002, in the atrium of the Board's main building in Washington. Friends, family, and Board employees attended the ceremony, which was presided over by Federal Reserve Chairman Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. . Governor Bies and Governor Olson assumed their posts on December 7, following confirmation by the Senate on December 6. President Bush nominated Governor Bies to a vacant seat last held by Susan M. Phillips, whose term expired. Governor Bies's term expires January 31, 2012. Governor Olson was nominated to the seat vacated by the resignation of Alice M. Rivlin on July 16, 1999. The term expires January 31, 2010. Biographies of Governor Bies and Governor Olson are available on the Board's website: www.federalreserve.gov/bios/. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion