Obama Taps Krueger as Economic Advisor
Updated from 10:39 a.m. EDT with comments from President Obama
NEW YORK ( TheStreet) -- President Barack Obama nominated Alan Krueger on Monday as the new chairman of the Council of Economic Advisors.
If Krueger is approved by the Senate, he would become a crucial advisor in the Obama Administration as it gears up for a September push to reignite job creation and economic growth.
|President Obama nominated Alan Krueger as the next chairman of the Council of Economic Advisors.|
"I have nothing but confidence in Alan as he takes on this import role as one of the leaders of my economic team," Obama said. "We need folks in Washington to make decisions based on whats best for the country, not what's based on what's best for a political party."Krueger works as a professor of economics at Princeton University and formerly worked as the assistant secretary of the U.S. Treasury. He is known for his expertise as a labor economist. Austan Goolsbee served as the chairman of the post until Aug. 5 when he returned to the University of Chicago to resume his position as an economics professor. Katharine G. Abraham and Carl Shapiro are the other two Senate-approved members of the CEA and are on leave from the University of Maryland and the University of California at Berkeley, respectively. The CEA is an agency within the Executive Office that offers economic advice to the president and along with the chairman has two other members. -- Written by Joe Deaux in New York.
>To submit a news tip, send an email to: firstname.lastname@example.org
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV