Economic Team Unveiled

Summary


President-elect Barack Obama unveiled several key members of the economic team he plans to bring to the White House on Monday, and the move appeared to restore some sense of calm to a nation grappling with financial uncertainty.

Chief among those picks are Timothy Geithner, president of the Federal Reserve Bank of New York, who has been tapped as his Treasury Secretary nominee, and former Harvard President Lawrence Summers, who would become director of the National Economic Council.

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Extract


Economic Team Unveiled

The upshot?

"I think there is a calming effect," said Jack Kyser, senior vice president and chief economist for the Los Angeles County ...

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