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Obama Names Former Fed Chairman to New Advisory Board

Nov 26, 2008By

President-elect Barack Obama hasn’t taken any vacation days this week as he names critical staff and advisors he will come to rely on during the next four years of his administration. In a press conference Wednesay — the third day in a row he has held a press conference — he named an advisor that will assist him in a new board designed to lead the economy out of crisis and into recovery: a man commonly credited with having led the early 1980s economy into a recession — former Federal Reserve chairman Paul Volcker.