Austan Goolsbee

Obama Names Paul Volcker To Lead White House Economic Recovery Group

Barack Obama today named former Fed Chairman (from 1979 to 1987) Paul Volcker to lead a White House panel on economic recovery. Volcker steered the economy through a nasty recessionary and inflationary period and is no stranger to crisis management—he was successful in righting the ship, but his consumer legacy remains higher interest rates. The