Paul Volcker, who helped tame runaway inflation in the 1980s during two terms as chairman of the Federal Reserve, has agreed to lead a new White House economic advisory committee, President-elect Barack Obama said on Wednesday, praising Volcker as "one of the world's foremost economic policy experts."
....Austan Goolsbee, a University of Chicago economist who was a leading economic adviser to the Obama presidential campaign, will be the top staff member of the advisory board, the president-elect said, calling him "one of America's most promising economic minds, known for his path-breaking work on tax policy and industrial organization."
Adding them to the first team of Summers, Geithner, Romer and Orzag might make it crowded in the dugout.
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