Word: volckerã
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...Volcker??who also serves as chairman of the newly formed Economic Recovery Advisory Board—spoke before a packed audience and fielded questions about the state of the economy...
...Magazine. Pritzker served on the Board of Overseers, the University’s second highest governing body, for a six-year term that began in 2002. The Economic Recovery Advisory Board, which Obama first announced in Nov. 2008, will be headed by former Federal Reserve Chairman Paul A. Volcker. Volcker??s supporting cast is a collection of premier economists from academia and Washington, as well as wealthy Wall Street representatives. “We’re tapping a broad and diverse range of opinion from across the country, because an historic crisis demands an historic response...
...form of a more cooperative and powerful international government. “That government neither exists now, nor is it likely in my lifetime,” said Volcker. Given recent events in the financial markets and the subprime lending crisis, some in the audience wanted to hear Volcker??s opinions on the American economy. But Volcker was reluctant to comment directly on domestic issues, though he wasn’t beyond dropping hints. “We have been spending more in this country than we can afford,” he said...