Obama Picks Longtime Aide as Top Economic Adviser

Jason Furman would succeed Alan Krueger as the head of the council.

(Pablo Martinez Monsivais/AP)

Furman currently serves as the principal deputy director of the National Economic Council.

By SHARE

The White House is nominating Jason Furman to be the new head of the Council of Economic Advisers, the AP reports. If confirmed, the Harvard Ph.D. and longtime Obama economic adviser would succeed economist Alan Krueger, who is returning to Princeton University to teach.

Furman has plenty of experience advising Democratic politicians. He worked as an economic advisor on the John Kerry 2004 presidential campaign and has served President Obama since 2008, when he joined the Obama campaign team as economic policy director. Currently, Furman serves as the principal deputy director of the National Economic Council.

[READ: May Jobs Report Was Lackluster and That's Not a Bad Thing]

While Furman has strong Democratic credentials, he may not please all everyone in the party. Furman has served as director of the Hamilton Project, a part of The Brookings Institution, a Washington think tank. That project's trade policies, which have favored free trade, raised the concerns of organized labor when he was first nominated to the president's economic team in 2008. Labor also raised concerns at the time that Furman had written a paper defending Walmart, a corporation that often clashes with unions.

[PHOTOS: Obama Behind the Scenes]

Furman may face challenges from Republicans, as well. Furman helped develop the Affordable Care Act and 2009 economic stimulus package, according to The Washington Post – two Obama measures that have been particularly unpopular among many Republican lawmakers.

The council is a three-person body tasked with providing economic analysis to the president. Its chairman is considered one of the top economic advisers to the president. Obama will officially announce the nomination Monday afternoon. Furman's nomination is subject to Senate confirmation.

More News: