Obama to Name Furman as Chairman of Council of Economic Advisers

Jason Furman, deputy director of the National Economic Council (NEC) and U.S. President Barack Obama's nominee as chairman of the Council of Economic Advisers (CEA), left, and Alan Krueger, chairman of the Council of Economic Advisers (CEA), right, listen as Obama speaks during a nomination announcement in the State Dining Room of the White House in Washington, D.C., U.S. on Monday, June 10, 2013. Obama nominated Furman, a long-time aide, as chairman of the Council on Economic Advisers at a White House ceremony today. If confirmed by the Senate, Furman would replace Alan Krueger, who is returning his position as the Bendheim Professor of Economics and Public Affairs at Princeton University. Photographer: Andrew Harrer/Bloomberg via Getty Images