The White House says 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.
Goolsbee has been the face of the White House on economic news, and is a regular every first Friday of the month explaining the administration’s take on the latest jobless numbers.
Goolsbee served on the three-member economic council since the start of the administration. He advised Obama during his 2004 Senate race and was senior economic policy adviser during the 2008 presidential campaign.
He took over last September as council chairman, replacing Christina Romer, who left to return to a teaching position at the University of California, Berkley. Download TIME’s iPhone, BlackBerry and Android applications.
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