Former Federal Reserve Chairman Paul Volcker and the rest of the 16-member Economic Recovery Advisory Board of Obama’s finally got to be seen in public today, at the first of what are supposed to become quarterly meetings.
Of course, this probably only came about because of Volcker’s doing some political backchannel kvetching about how Obama economics czar Larry Summers kept kneecapping him.
In turn, as the WaPost notes, the vagueness of role of Volcker’s commission, and that of him as its head, has made it easy for Summers to shunt him aside. Add in Obama’s Bushian aversion to controversy and voila, Volcker is made into a back-bencher.
So, to see the light of day, he must have really bitched. Maybe he threatened to resign.
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