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Obama names Goolsbee to head economic council

Obama names Goolsbee to head economic council

President Barack Obama on Friday named a longtime adviser, Austan Goolsbee, to be the chairman of the White House Council of Economic Advisers, calling him "one of the finest economists in the country."
Obama announced the appointment at a White House news conference on Friday.
"He's not just a brilliant economist," the president said of Goolsbee, who is already a member of the council. "He's someone who has a deep appreciation of how the economy affects everyday people and he talks about it in a way that's easily understood."
Obama said Goolsbee already knows and works well with the rest of the team.
A University of Chicago economics professor, Goolsbee is one of three economists on the council. He previously was confirmed by the Senate and will not need to be reconfirmed.
Goolsbee, 41, replaces Christina Romer, who has returned to her teaching position at the University of California, Berkeley.
The post of CEA chairman is a key position as Obama focuses on the sluggish economic recovery ahead of critical November elections. Voters seem to be in the mood to blame the president's Democratic Party for the economy and high unemployment.
Goolsbee was Obama's senior economic policy adviser during the 2008 presidential campaign. A graduate of Yale and the Massachusetts Institute of Technology, he is considered to be a centrist economist.
He gained unwanted visibility during the campaign after a Canadian consulate memo asserted that he privately told Canadian officials that Obama's public statements on trade were "political positioning." Goolsbee disputed the claim.


Updated : 2021-04-12 10:14 GMT+08:00