President Barack Obama named a panel of economists, business leaders, academics and labor leaders on Friday who will help shape his response to the worst economic crisis in decades, reported Reuters. Obama announced in November he was creating the Economic Recovery Advisory Board, which is modeled on an existing board that advises the White House on intelligence matters. The economic panel will be chaired by former Federal Reserve Chairman Paul Volcker. Austan Goolsbee, a longtime Obama adviser, is the board's staff director and chief economist. Goolsbee is also a member of the White House Council of Economic Advisers.
