Economic Adviser | featured news

Austan Goolsbee, a longtime adviser to President Barack Obama, will resign his post as the chairman of the Council of Economic Advisers this summer to return to teaching at the University of Chicago Graduate School of Business, the White House announced Monday.

President Barack Obama's top economics advisor, Larry Summers, is to leave the administration at the end of the year.

Christina Romer, head of the Council of Economic Advisers, is the second member to leave this summer.

White House economic adviser Christina Romer said on Wednesday that the employment picture was stable, with job growth expected by spring.