Obama to Nominate Jason Furman as Chief Economist

To chair White House Council of Economic Advisers

President Barack Obama on Monday will nominate longtime adviser Jason Furman to be his new chief White House economist, an administration official said.

Furman, who will replace economist Alan Krueger as chair of the White House's Council of Economic Advisers (CEA), has a Ph.D. in economics from Harvard University and has advised Obama since his 2008 election campaign.