Jerome H. Powell on Friday took the oath of office as a member of the Board of Governors of the Federal Reserve, according to the Fed.
Powell was confirmed by the Senate on May 17.
Powell will complete the unexpired term vacated by the resignation of Frederic S. Mishkin on Aug. 31, 2008. The term ends Jan. 31, 2014.
The other incoming governor, Jeremy Stein, is expected to be sworn in next week.