Government

Obama's New Economic Adviser: Alan Krueger

President Obama is about to nominate Alan Krueger, a Princeton labor economist, to chair his Council of Economic Advisers, the WSJ reports.

Krueger 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," the WSJ says.

Chairing the CEA involves some combination of advising the president and serving as a spokesman for the president's economic policies. If confirmed by the Senate, Krueger will succeed Daily Show regular Austan Goolsbee.

Krueger's Princeton bio says he has "published widely on the economics of education, unemployment, labor demand, income distribution, social insurance, labor market regulation, terrorism and environmental economics."

His nomination drew praise from Greg Mankiw, who chaired the CEA for a few years under the second President Bush, and from Martin Feldstein, who held the job during the Reagan administration.

Krueger worked in the Treasury department during the first two years of the Obama administration.

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