Obama names former Fed chief to head economic recovery
|
|
|
|
|
Washington - US president-elect Barack Obama named former Federal Reserve chief Paul Volcker Wednesday to head his advisory board for leading the United States out of the economic crisis. Obama created the Economic Recovery Advisory Board to offer independent and non-partisan analysis of the economic crisis and formulate ideas for reversing the trend. Volcker, 81, served as chairman of the Federal Reserve from 1979 to 1987 and is a highly regarded worldwide for his vast understanding of policy.
Copyright DPA
|
|
|
|
|
|
Related News
US economy grew 2.8 per cent in third quarter - Summary
Washington - The US economy grew at an annual rate of 2.8 per cent in the third quarter of this year, according to an updated government estimate Tuesday that confirmed the United States has likely emerged from its deepest recession in decades. But t...
EXTRA: US consumer confidence up slightly in November
Washington - Consumer confidence in the United States rose slightly in November after two straight months of declines, according to a private research group Tuesday, reflecting cautious optimism as the country recovers from a deep recession. The New ...
US economy grew 2.8 per cent in third quarter - 2nd Update
Washington - The US economy grew at an annual rate of 2.8 per cent in the third quarter of this year, according to an updated government estimate Tuesday that confirmed the United States has likely emerged from its deepest recession in decades. The f...
US economy grew 2.8 per cent in third quarter - Update
Washington - The US economy grew at an annual rate of 2.8 per cent in the third quarter of this year, according to an updated government estimate Tuesday that confirmed the United States has likely emerged from its deepest recession in decades. The f...
US economy grew 2.8 per cent in third quarter
Washington - The US economy grew at an annual rate of 2.8 per cent in the third quarter of this year, according to an updated government estimate Tuesday, confirming that the world's largest economy has likely emerged from its deepest recession in de...
HP sees 'encouraging signs of recovery,' profit climbs 14 per cent
San Francisco - The world's biggest computer maker Hewlett Packard said Monday that it saw encouraging signs of recovery as its quarterly earnings rose 14 per cent. The Silicon Valley company said it earned 2.4 billion dollars in the quarter, up fr...
US stocks gain on surprise home sales recovery
New York - US stocks surged Monday after the release of some surprisingly buoyant data on home sales. Existing home sales surged to 6.1 million units in October, the highest annualized rate since February 2007 and up 10.1 per cent from September, acc...
|
|
|
|
|
|
|
|
