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Obama Said to Pick Jason Furman as Next Top Economic Adviser

President Barack Obama plans to nominate Jason Furman, a Harvard-trained economist who’s also well-schooled in White House staff rivalries, to replace Alan Krueger as the head of the Council of Economic Advisers, according to two people familiar with the matter.

Krueger plans to return to Princeton University to his position as Bendheim Professor of Economics and Public Affairs in time for the next school year, the White House announced today. In a statement, Obama called Krueger “one of my most trusted advisers on economic policy and a great friend.”