After Obama announced plans for an aggressive, two-year economic stimulus package, President-elect Barack Obama has selected the A Class Economic team that will help him to “do what’s necessary” to fix the economy.

“Vice President-elect Biden and I have assembled an economic team with the vision and expertise to stabilize our economy, create jobs, and get America back on track. Even as we face great economic challenges, we know that great opportunity is at hand — if we act swiftly and boldly. That’s the mission our economic team will take on,” said President-elect Obama.

The economic team members announced today are listed below:

Timothy F. Geithner, Secretary of the Treasury

Obama has chosen New York Federal Reserve Bank President Timothy Geithner — who rose to prominence earlier this year as a key official in shaping the US government’s financial rescue measures — to be Secretary of the Treasury.

Geithner played a pivotal role in the intense negotiations which took place before Lehman Brothers went bankrupt, and also helped forge the deals involving AIG and JP Morgan. He regularly speaks about the need for major reforms in the financial system in order to avoid further turbulence. Before joining the Federal Reserve of New York, he worked for the International Monetary Fund. He was also the Treasury’s under-secretary for international affairs, from 1999 to 2001.

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