Federal Reserve Chairman

Volcker to Resign From Economic Recovery Advisory Board

Paul Volcker, chairman of the Economic Recovery Advisory Board for President Barack Obama, is set to step down from the position next month. As a key adviser to the president, Volcker has advocated for tougher financial regulations and counseled the government on fiscal policy.

What Greenspan Sees Next

Greenspan expects jobs "to come back fairly quickly" since frightened businesses cut costs so deeply and can now barely keep up with demand. Still, he warned that unemployment rates could stay high for a while.