Watch: Obama answers questions from press:
via HuffPo:
Obama made his comments as he unveiled the top members of his economic team, beginning with New York Federal Reserve President Tim Geithner to be his treasury secretary. Geithner, 47, is a veteran of financial crises at home and overseas and has worked closely with the Bush administration in recent months.
Obama chose Lawrence Summers as director of his National Economic Council. Summers was treasury secretary under former President Bill Clinton.
Obama said his newly minted economic team offered "sound judgment and fresh thinking" at a time of economic peril.
He expressed confidence the nation would weather the crisis "because we've done it before."
Obama also announced two other members of his economic team in the making. He named Christina Romer as chair of his Council of Economic Advisers, and Melody Barnes as director of his White House Domestic Policy Council.
Obama's principal theme was urgency.
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