Obama Launches New Economic Advisory Board

President Obama is launching a new economic advisory council focused on job creation and competitiveness and has named General Electric CEO Jeffrey Immelt as its head, the Washington Post reported today. Immelt will lead the President's Council on Jobs and Competitiveness. The council is replacing the Economic Recovery Advisory Board, which Obama created two years ago to help guide the administration's response to the recession. The recovery board has been chaired by former Federal Reserve Chairman Paul Volcker. Obama announced that Volcker will step down next month from his role advising the administration.

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http://www.washingtonpost.com/wp-dyn/content/article/2011/01/21/AR2011012100081.html