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Jason Furman Nominated As Chairman Of Obama's Council Of Economic Advisers

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JASON FURMAN NOMINATED
Jason Furman, assistant to the President for Economic Policy and Principal Deputy Director of the National Economic Council, gestures as he speaks during the daily news briefing at the White House in Washington, Wednesday, Dec., 5, 2012. (AP Photo/Pablo Martinez Monsivais) | AP

BY JIM KUHNHENN, THE ASSOCIATED PRESS

WASHINGTON (AP) — President Barack Obama has nominated Jason Furman, a veteran White House economic official, as chairman of the president's Council of Economic Advisers.

Obama calls Furman, 42, one of the most brilliant economic minds of his generation. He says Furman never forgets he's fighting for the middle class and those who aspire to join it.

If confirmed by the Senate, Furman would replace Alan Krueger, who is returning to his former post as a professor at Princeton University. Obama praised Krueger, saying he's driven by the principle that no full-time worker in America should be impoverished.

The council is one of two of the president's main sources of economic advice. The other is the National Economic Council, where Furman currently serves as principal deputy director.

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