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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (454542)2/6/2009 11:20:23 AM
From: tejek   of 1575998
 
Obama names advisers to help right the economy

3 minutes ago

By PHILIP ELLIOTT
Associated Press Writer

(AP:WASHINGTON) President Barack Obama has announced a team of outside economic advisers to help boost an economy in a virtual free fall.

The president signed an executive order creating the Economic Recovery Advisory Board, headed by former Federal Reserve Chairman Paul Volcker. He planned to introduce members of the team at a White House ceremony Friday morning.

His announcement came as employers eliminated 598,000 jobs in January, the most since the end of 1974, and the unemployment rate soared to 7.6 percent

In a statement, the White House said the board will offer independent advice in regular briefings to the president, vice president and their economic team.

The White House said the board's initial focus will be programs to "jump-start economic growth."

news.ino.com
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