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Jodi Beggs

A Rumored Changing of the Guard at the Council of Economic Advisers...

By June 3, 2013

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Alan Krueger is currently the chair of the White House Council of Economic Advisers (often just referred to as "Chief Economic Adviser"), but there is a rumor circulating that he will be leaving Washington and returning to Princeton soon. It's not unusual for such economic advisers to not stay on for an entire presidential term, if for no other reason than most economic advisers are university professors and their employers usually have rules about how long they can be away and still keep their tenure.

Krueger's rumored replacement is Jason Furman, who is currently the Deputy Director of the National Economic Council. Greg Mankiw, a former economic adviser to President Bush, approves of the choice, and Tyler Cowen agrees. So far, the most notable feature of Furman's rumored appointment is that he is one of the few people slated for this role that have spent more time in Washington than they have as academic economists. Whether that is a positive or a negative remains to be seen, and you can read a bit more about his particular views here.

In the meantime,

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