Isn't there already a cabinet position for this called the Secretary of Commerce? When was the last time this idiot had a cabinet meeting? http://blogs.wsj.com/washwire/2012/10/29/obama-suggests-secretary-of-business-in-a-second-term/
He needs a Secretary of Business Cycle (just kidding btw). With the central bank deciding what things cost, the market will not be able to shake off the distortions and excesses of the inflationary boom.
The thing Obama's looking for in his Business Secretary is a high typing speed, but I hope he hires a cute one.