White House economic advisor Alan Krueger to step down
WASHINGTON — One of President Obama’s top economic advisors, Alan Krueger, will step down to return to teaching at Princeton University, the White House said.
Obama plans to nominate longtime aide Jason Furman as Krueger’s replacement, said a Democratic official who spoke on condition of anonymity because the appointment had not been officially announced.
Krueger is on leave from his position as an economics and public affairs professor and will return to Princeton in time for the upcoming school year, the White House said Tuesday.
“Alan was the driving force behind many of the economic policies that I have proposed that will grow our economy and create middle-class jobs,” Obama said.
A labor market expert and former Treasury official, Krueger has chaired the White House Council of Economic Advisors since November 2011.
Furman has been principal deputy director of the White House National Economic Council since 2009. His nomination to replace Krueger would require Senate confirmation.
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