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Obama Creates Economic Recovery Advisory Board

President Barack Obama signed an executive order on Friday creating a new Economic Recovery Advisory Board to provide independent advice on pulling the United States out of economic recession. The board, which will hold regular briefings for Obama and Vice President Joseph Biden, will be chaired by former Federal Reserve head Paul Volcker and will include leaders from business, academia, and government. "Put simply, I created this board to enlist voices to come from beyond the Washington echo chamber, to ensure that no stone is unturned as we work to put people back to work and get our economy moving," said Obama in remarks at the signing of the order. The board members, in addition to Volcker, are: Austan Goolsbee, staff director and chief economist; William H. Donaldson, former chair of the Securities and Exchange Commission; Roger W. Ferguson Jr., president and CEO of TIAA-CREF; Robert Wolf, chair and CEO of UBS Group Americas; David F. Swensen, CIO of Yale University; Mark T. Gallogly, founder and managing partner of Centerbridge Partners LP; Penny Pritzker, chair and founder of Pritzker Realty Group; Jeffrey R. Immelt, CEO of General Electric; John Doerr, partner at Kleiner, Perkins, Caufield & Byers; Jim Owens, chair and CEO of Caterpillar Inc.; Monica C. Lozano, publisher and CEO of La Opinion; Charles E. Phillips Jr., president of Oracle Corporation; Anna Burger, chair of Change to Win; Richard L. Trumka, secretary-treasurer of the AFL-CIO; Laura D'Andrea Tyson, dean of the Haas School of Business at University of California-Berkeley; and Martin Feldstein, professor of economics at Harvard University.  

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