Obama: Help Is On The Way
President-elect Barack Obama announced Wednesday that he is creating a new economic recovery board to provide a “fresh perspective” for his administration.
The board will be headed by Paul Volcker, who served as the chairman of the Federal Reserve from 1979 through 1987, serving under Presidents Carter and Reagan.
“The reality is that sometimes policymaking in Washington can become a little bit too ingrown,” Obama said at a news conference in Chicago, Illinois.
“The walls of the echo chamber can sometimes keep out fresh voices and new ways of thinking. … This board will provide that perspective to me and my administration, with an infusion of ideas from across the country and from all sectors of our economy,” he said.
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