Tags: Goolsbee | Head | Economic | Panel

Goolsbee Said to Be Picked to Head White House Economic Panel

Friday, 10 Sep 2010 07:08 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Bloomberg - President Barack Obama will appoint Austan Goolsbee to lead the Council of Economic Advisers, replacing Christina Romer, according to an administration official.

Obama will announce his choice of Goolsbee, a former University of Chicago business school professor and campaign adviser, at a press conference today at 11 a.m. in Washington, said the official, who requested anonymity. As a sitting member of the council, Goolsbee does not require another Senate vote, allowing the White House to avoid at least one confirmation battle in Congress tied to the administration’s economic policies.

Romer last month announced she was leaving her post to return to teaching at the University of California, Berkeley. The Senate is scheduled to hold hearings later this month for Jacob Lew to replace Peter Orszag as head of the Office of Management and Budget.

Goolsbee, 41, also serves on the President’s Economic Recovery Advisory Board, headed by former Federal Reserve Chairman Paul Volcker. It is unclear if he will have to relinquish these duties on becoming head of the CEA.

Goolsbee clashed with some members of Obama’s economic team, including National Economic Director Larry Summers, during the Obama administration’s intervention into the auto industry last year. Last month, he cautioned that the administration needed to be “mindful” about a double dip recessions.

“I don’t think we will have a double dip recession,” he said on CNN on Aug. 30. “But it’s -- clearly anybody should keep their eye on that.”


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Economist: Unemployment Rate Worse Than Figures Show

Thursday, 02 Oct 2014 12:46 PM

Leading economist Jared Bernstein has warned that the current jobless rate does not reflect the real extent of the slac . . .

FCC Unlikely to Pull Off 'Hail Mary' on Redskins Name Ban

Thursday, 02 Oct 2014 12:38 PM

The Federal Communications Commission (FCC) most probably will not try to stop radio station WWXX-FM from referring to W . . .

Rules Change Could Force Boehner Dissenters Off Committees

Thursday, 02 Oct 2014 11:36 AM

Capitol Hill sources say a proposed rule could cause conservatives who oppose House Speaker John Boehner's re-election c . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved