Analysis: Look for change in Obama's economic team

01/28/2010 | Economist (free content), The

U.S. President Barack Obama's sudden change of direction in favor of former Federal Reserve Chairman Paul Volcker's approach to bank regulation puts the future of Obama's economic team in doubt, according to The Economist. Treasury Secretary Timothy Geithner and Lawrence Summers, director of the National Economic Council, are widely viewed as servants of Wall Street and might be asked to resign, the magazine notes. Geithner's experience at the Federal Reserve Bank of New York, once a sign of continuity, is now a liability.

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Economist (free content), The

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