ByÂ Kara Rowland-The Washington Times
PresidentÂ Obamaâ€™s chief economist,Â Austan Goolsbee, will step down later this year to resume his teaching post at the University of Chicago in time for the fall semester, theÂ White House announced Monday night.
Mr. Goolsbee, chairman of theÂ Council of Economic Advisers (CEA), has played a central role in craftingÂ Mr. Obamaâ€™s economic policies over the past two and a half years, and is a regular fixture on political talk shows and theÂ White House website.
His resignation follows the departures of several members ofÂ Mr. Obamaâ€™s top economic team who have returned to academia. FormerCEA chairÂ Christina Romer and former senior economic adviserÂ Larry Summers both left theÂ White House last year.
â€œSince I first ran for the U.S. Senate,Â Austan has been a close friend and one of my most trusted advisers,â€Â Mr. Obama said in a statement. â€œOver the past several years, he has helped steer our country out of the worst economic crisis since the Great Depression, and although there is still much work ahead, his insights and counsel have helped lead us toward an economy that is growing and creating millions of jobs. He is one of Americaâ€™s great economic thinkers.â€
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