WASHINGTON, May 20 (UPI) -- Former Federal Reserve Chairman Paul Volcker's role as a presidential adviser appears uncertain, observers of Obama administration economic policy said.
Shortly after the presidential election, Barack Obama said Volcker would play a key role in economic policy development. The President's Economic Recovery Advisory Board was created to give Volcker a voice in the process, but Volcker's influence has been overshadowed by policy makers closer to the president, The Washington Post reported Wednesday.