Obama says Paul Volcker stepping down as adviser

US President Barack Obama announced on Thursday that former Federal Reserve Chairman Paul Volcker was stepping down from his role as head of an outside panel advising the White House on economic policy.

"From his bold vision around how to reform our financial system to his thoughtful insight on how to make our economy work for working families again, Paul brought his brilliance and vast experience to bear on a host of difficult challenges," Obama said in a statement. (Reuters)