CHICAGO--President-elect Barack Obama Wednesday appointed former Federal Reserve chairman Paul Volcker to lead a new panel of advisers to steer the US economy back to health.
"It has become increasingly clear in recent months that we are facing an economic crisis of historic proportions," Obama told reporters, announcing the creation of the "President's Economic Recovery Advisory Board."
"At this defining moment for our nation, the old ways of thinking and acting just won't do," he said. "We are called to seek fresh thinking and bold new ideas from the leading minds across America."
