President Barack Obama announced Monday his intention to nominate labor economist Alan Krueger to the Council of Economic Advisers.
Following Senate confirmation, Obama will designate Krueger as chairman.
Krueger is Bendheim Professor of Economics and Public Affairs at Princeton University, where he has held faculty appointments in the Economics Department and Woodrow Wilson School since 1987.
From March 2009-Oct. 2010, Krueger served as Assistant Treasury Secretary for Economic Policy and Chief Economist. Krueger was the Labor Department’s chief economist from 1994-95.
“Alan understands the difficult challenges our country faces, and I have confidence that he will help us meet those challenges as one of the leaders on my economic team,” Obama said.
The AP reports Krueger’s nomination rounds out the White House’s economic team, a week ahead of Obama’s much-anticipated announcement on a new jobs initiative.