WASHINGTON -- Alan Blinder was sworn in yesterday as vice chairman of the Federal Reserve Board, becoming President Clinton's first appointee on the seven-member board.

Blinder, 48, was sworn in at a private ceremony in the board room of the Fed's main offices on Independence Avenue by Chairman Alan Greenspan, a Fed spokesman said. The event followed the board's regular weekly meeting and was attended by Blinder's wife, Madeline, other board members, and senior Fed staff.

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