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AP source: Volcker leaving Obama advisory group
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| Parent(s) |
Candidate
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| Contributor | Jason |
| Last Edited | Jason Jan 06, 2011 01:57am |
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| Category | News |
| Media | Newspaper - Washington Post |
| News Date | Thursday, January 6, 2011 07:00:00 AM UTC0:0 |
| Description | WASHINGTON -- Former Federal Reserve Chairman Paul Volcker is ending his term as chairman of President Barack Obama's economic advisory panel next month, a person familiar with the situation said Wednesday.
Volcker is a highly regarded voice on financial policy and has been an occasional outside counselor to the White House both as head of the recovery advisory board and as an advocate of tougher banking regulations.
Obama gave the advisory board a two-year mission that expires next month and is considering whether to extend it. But Volcker has told colleagues that he will not stay on.
The source told The Associated Press that Volcker planned to continue to advise Obama as needed. The source spoke on the condition of anonymity because the decision had not been officially announced. |
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