President Barack Obama on Monday nominated Alan Krueger, a Princeton professor who served as the U.S. Treasury’s chief economist from 2009 to 2010, to replace Austan Goolsbee as chairman of the Council of Economic Advisers.
The U.S. Senate must confirm Krueger’s nomination before he can take over as Goolsbee’s successor. Goolsbee announced in June that he was leaving the CEA to return to his professorship at the University of Chicago Booth School of Business.
Krueger, 50, is best known as a micro-economist with a focus on labor issues. Co-author of Myth and Measurement: The New Economics of the Minimum Wage, as well as Inequality in America: What Role for Human Capital Policies?, he served as chief economist at the U.S. Department of Labor from 1994 to 1995.