Watch in its entirety President-elect Barack Obama's news conference in which he appoints former Federal Reserve Chairman Paul Volcker to head new Economic Recovery Advisory Board.
"… ministry. And so it would be surprising if I selected. A Treasury Secretary. Who had had no connection with the last. Democratic administration. Because that would mean that the person had no experience in Washington what sort. And I suspect that you would be trouble than the American people would be trouble if I selected a Treasury Secretary. Or a chairman of the national economic council. At one of the most critical economic times in our history who had no …" at 14:00