Lazear tapped for top economic post
President George Bush has nominated Graduate School of Business economist and Hoover Institution Senior Fellow Edward P. Lazear as chairman of the White House Council of Economic Advisers. The nomination was announced Jan. 30.
The Council of Economic Advisers provides the president with objective economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues. Lazear's nomination as a member of the panel will go before the U.S. Senate for confirmation. Lazear has been nominated to replace Ben Bernanke, whom Bush appointed to succeed Alan Greenspan as chairman of the Federal Reserve. Bernanke, who spent many years at Princeton University, is also a former Stanford Graduate School of Business faculty member.
"Ed Lazear will bring significant depth of knowledge and insight to the White House Council of Economic Advisers," said Robert L. Joss, dean of the Graduate School of Business. "The scope of his work in economics is extremely broad, including productivity, incentives, employment, education, immigration and other economic reforms."
