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Old 11-26-2008, 03:22 PM
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Default Re: Obama Unveils Team to Tackle ‘Historic’ Crisis in Economy

VOLCKER, GOOLSBEE NAMED
TO OBAMA'S ECONOMIC TEAM


Quote:
Former Federal Reserve Chairman Paul Volcker will chair a new economic advisory panel created by President-elect Barack Obama and designed to stabilize financial markets, the Wall Street Journal reported on Wednesday. The report was confirmed during Obama's press conference later in the morning, when the president-elect himself announced the appointment.
Quote:
Members of the President's Economic Recovery Advisory Board will come from a cross-section of citizens outside the government
Quote:
The new board is modeled on an advisory panel that gives the president nonpartisan advice on national security matters
Quote:
Volcker, 81, has been an important economic adviser to Obama on economic issues. As Federal Reserve chairman in the early 1980s, he was credited with taming inflation through policies that also contributed to a recession at the time.
Looks like the prez-elect and his team are doing all they can to help our present situation.
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