Obama Picks New Chief Economist

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Obama Picks New Chief Economist
President Obama plans to nominate Princeton University's Alan Krueger to be chairman of the White House Council of Economic Advisers, the Wall Street Journal reports.

"If confirmed by the Senate, Mr. Krueger, a labor economist, is likely to provide a voice inside the administration for more-aggressive government action to bring down unemployment and, particularly, to address long-term joblessness."

"Mr. Krueger, 50 years old, returned to Princeton a year ago after serving as assistant Treasury secretary for economic policy during the first two years of the Obama administration -- which means he has recently cleared the sometimes treacherous Senate confirmation process."
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