Economy, Christina Romer | featured news

President Obama held his first full-scale White House news conference in three months and the first of the fall campaign season. He announced his promotion of the White House economist, Austan D. Goolsbee, to succeed Christina Romer as chairman of the president’s Council of Economic Advisers, and also addressed other issues of the day, including the Middle East peace talks and the debate over extending the Bush tax cuts.

President Barack Obama has chosen Austan Goolsbee to succeed Christina Romer as chairman of the White House Council of Economic Advisers, U.S. administration officials said on Thursday.

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.