Volcker to head new economy panel: report

[Eugene]

Source: Reuters

Volcker to head new economy panel: report
Wed Nov 26, 2008 1:26am EST

WASHINGTON (Reuters) - 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.

Quoting Democratic officials, the newspaper reported
on its Web site that University of Chicago economist
and Obama policy adviser Austan Goolsbee will serve
as the panel's staff director.

Members of the President's Economic Recovery
Advisory Board will come from a cross-section of
citizens outside the government, the Journal said.

The board is not meant to supplant the policymaking
role of the Treasury Department and other agencies,
but to provide the new president expert advice outside
the normal bureaucratic channels, according to the
paper.

-snip-

Read more: http://www.reuters.com/article/topNews/idUSTRE4AP1E920081126

[abelenkpe]

1. well thats a good development nt