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GE chief to lead jobs council


President Barack Obama’s outside panel of economic advisers will be led by Jeffrey Immelt, CEO of General Electric Co., Bloomberg reported. Immelt, 54, wrote today in an op-ed piece in the Washington Post that Obama asked him to head the President’s Council on Jobs and Competitiveness, which will reach out to labor and business leaders to serve “as a catalyst for action.” Immelt will replace former Federal Reserve Chairman Paul Volcker.

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