Obama to Name Furman as Chief Economist
President Barack Obama on Monday will nominate longtime adviser Jason Furman to be his new chief White House economist, an administration official said.
Furman, who will replace economist Alan Krueger as chair of the White House’s Council of Economic Advisers (CEA), has a Ph.D. in economics from Harvard University and has advised Obama since his 2008 election campaign.
Furman has been instrumental in formulating administration policies on taxes, the response to the U.S. recession, the formulation of a sweeping healthcare overhaul and efforts to avoid a “fiscal cliff” at the end of last year.
“Furman has been a key adviser to the president and has contributed to most every major proposal on jobs and the economy,” said the White House official who declined to be identified. Obama will announce the appointment at 2:10 p.m. EDT.