When President-elect Barack Obama's economic transition team met this month, everyone was there - inflation fighters, business leaders, union firebrands and leftist economists - creating confusion about where the new administration was headed.
Mr. Obama's announcement of his economic team on Monday provided surprisingly positive clarity. He picked as Treasury Secretary Tim Geithner, the respected, soft-spoken New York Fed president. Mr. Geithner has been a key player with Treasury Secretary Hank Paulson and Fed Chairman Ben Bernanke in confronting the financial crisis. Every major decision in the rescue effort came only after the three agreed.