Obama chooses Volcker as economic adviser - MarketWatch
Paul Volcker has been named the head of the President's Economic Recovery Advisory Board. The board is to provide independent economic advice to the new President. Many had hoped that Volcker would come back to the scene in time of crisis as he was the Fed chairman from 1979 to 1987.
This news propped the markets further upwards. The ASX is to open higher. Australian S&P 200 reached almost 3700 overnight. It is to open at 3540, where it closed yesterday. All Ordinaries are about 50 points lower.
Paul Volcker has been named the head of the President's Economic Recovery Advisory Board. The board is to provide independent economic advice to the new President. Many had hoped that Volcker would come back to the scene in time of crisis as he was the Fed chairman from 1979 to 1987.
This news propped the markets further upwards. The ASX is to open higher. Australian S&P 200 reached almost 3700 overnight. It is to open at 3540, where it closed yesterday. All Ordinaries are about 50 points lower.
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