President-elect Barack Obama introduces his economic advisers and takes reporters' questions. (Getty)
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President-elect Barack Obama today announced the appointment of four key members of his new administration's economic policy team and issued a somber warning that the nation's economy "is likely to get worse before it gets better."
In a news conference in Chicago, Obama introduced New York Federal Reserve Bank President Timothy F. Geithner as his nominee for Treasury secretary, a choice that cheered the stock markets when it leaked late last week. He announced, as expected, that Lawrence H. Summers would become director of the National Economic Council in the Obama White House.
Obama also introduced two women as his picks to fill important policy jobs: Christina D. Romer to chair the Council of Economic
Advisers and
Melody Barnes as director of the Domestic Policy Council.
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