President Barack Obama is expected to tap Jason Furman as chair of the White House Council of Economic Advisers, Bloomberg
Furman, currently the deputy director of the National Economic Council, will replace Alan Krueger, who plans to return to Princeton as a professor in September.
The CEA, a council that influences policy, briefs the president and produces recommendations on economic matters. The nomination of its chair is subject to confirmation by the Senate.
The White House has not yet commented on the appointment.