Council of Economic Advisers

Former Chairs of the Council of Economic Advisers

Alan B. Krueger

  • Chairman -- November 7, 2011 - August 2, 2013

Image of Alan B. Krueger Alan B. Krueger served as Chairman of the Council from November 7, 2011 to August 2, 2013. During this time, Dr. Krueger was on leave from his position at Princeton University as the Bendheim Professor of Economics and Public Affairs. Dr. Krueger previously served as Assistant Secretary for Economic Policy and Chief Economist at the U.S. Treasury Department from 2009 to 2010. Dr. Krueger also served as Chief Economist at the U.S. Department of Labor from 1994 to 1995.

Austan D. Goolsbee

  • Chairman -- September 10, 2010 - August 5, 2011
  • Member -- March 11, 2009 - September 10, 2010
Image of Austan D. Goolsbee

Austan D. Goolsbee served as Chairman of the Council from September 10, 2010 to August 5, 2011. Prior to serving as Chairman, Dr. Goolsbee served as a Member of the Council from March 11, 2009 to September 10, 2010. During his time at the Council, Dr. Goolsbee was on leave from his position at the University of Chicago as the Robert P. Gwinn Professor of Economics at the Booth School of Business. Dr. Goolsbee previously served as the Chief Economist and Staff Director of the President’s Economic Recovery Advisory Board for the duration of its existence from 2009 to 2011.

Christina D. Romer

  • Chair -- January 29, 2009 - September 3, 2010
Image of Alan B. Krueger

Christina D. Romer served as Chair of the Council from January 29, 2009 to September 3, 2010. During this time, Dr. Romer was on leave from her position at the University of California - Berkeley as the Class of 1957-Garff B. Wilson Professor of economics. Dr. Romer has served as Vice President and member of the executive committee of the American Economic Association.

Edward P. Lazear

  • Chairman -- February 27, 2006 - January 20, 2009
Image of Edward P. Lazear

Edward P. Lazear served as Chairman of the Council from February 27, 2006 to January 20, 2009. During this time, Dr. Lazear was on leave from his position at the Stanford Graduate School of Business as the Jack Steele Parker Professor of Human Resources Management and Economics. Dr. Lazear previously served as the Morris Arnold Cox Senior Fellow at the Hoover Institution. (Photo Credit: The Chicago Council)

Ben S. Bernanke

  • Chairman -- June 21, 2005 - January 31, 2006
Image of Ben S. Bernanke

Ben S. Bernanke served as Chairman of the Council from June 21, 2005 to January 31, 2006. After leaving the Council, Dr. Bernanke became Chairman of the Federal Reserve System on February 1, 2006. Dr. Bernanke began a second term as Chairman of the Federal Reserve on February 1, 2010. Prior to serving at the Council, Dr. Bernanke served as a Member of the Board of Governors of the Federal Reserve System from 2002 to 2005. Before becoming a Member of the Board, Dr. Bernanke was the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs and Chair of the Economics Department at Princeton University from 1996 to 2002. Dr. Bernanke had served as a Professor of Economics and Public Affairs at Princeton since 1985.(Photo Credit: The Federal Reserve)

Harvey S. Rosen

  • Chairman -- February 23, 2005 - June 10, 2005
  • Member -- November 21, 2003 - February 23, 2005
Image of Harvey S. Rosen

Harvey S. Rosen served as Chairman of the Council from February 23, 2005 to June 10, 2005. Prior to serving as Chairman, Dr. Rosen served as a Member of the Council from November 21, 2003 to February 23, 2005. During his time at the Council, Dr. Rosen was on leave from his position at Princeton University as the John L. Weinberg Professor of Economics and Business Policy. Dr. Rosen previously served as Deputy Assistant Secretary at the U.S. Treasury Department from 1989 to 1991. (Photo Credit: NABE)

N. Gregory Mankiw

  • Chairman -- May 29, 2003 - February 18, 2005
Image of N. Gregory Mankiw

N. Gregory Mankiw served as Chairman of the Council from May 29, 2003 to February 18, 2005. During this time, Dr. Mankiw was on leave from his position at Harvard University as the Allie S. Freed Professor of Economics. Dr. Mankiw previously served as an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office. Dr. Mankiw also served as Staff Economist at the Council from 1982 to 1983.(Photo Credit: Wikipedia)

R. Glenn Hubbard

  • Chairman -- May 11, 2001 - February 28, 2003
Image of R. Glenn Hubbard

R. Glenn Hubbard served as Chairman of the Council from May 11, 2001 to February 28, 2003. During this time, Dr. Hubbard was on leave from his positions at Columbia University as the Russell L. Carson Professor of Economics and Finance, Co-Director of the Entrepreneurship Program in the Graduate School of Business and Professor of Economics in the Faculty of Arts and Sciences. From 1991 to 1993, Dr. Hubbard served as Deputy Assistant Secretary of the U.S. Treasury Department. Dr. Hubbard has also been a consultant to the U.S. Treasury Department, the Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve System and the National Science Foundation. After leaving the Council in 2003, Dr. Hubbard became Dean of the Colombia University Graduate School of Business. (Photo Credit: AEI)

Martin N. Baily

  • Chairman -- August 12, 1999 - January 19, 2001
Image of Martin N. Baily

Martin N. Baily served as Chairman of the Council from August 12, 1999 to January 19, 2001. Prior to serving as Chairman, Dr. Baily served as a Member of the Council from June 30, 1995 to August 30, 1996. Dr. Baily previously served as a Principal at McKinsey & Company, Inc., Senior Fellow at the Brookings Institution, and Co-Editor of the Brookings Papers on Economic Activity, Microeconomics. (Photo Credit: IIE)

Janet L. Yellen

  • Chair -- February 18, 1997 - August 3, 1999
Image of Janet L. Yellen

Janet L. Yellen served as Chairman of the Council from August 12, 1999 to January 19, 2001. During this time, Dr. Yellen was on leave from her positions at the University of California - Berkeley as the Eugene E. and Catherine M. Trefethen Professor of Business Administration and Professor of Economics. Dr. Yellen previously served as a member of the Board of Governors of the Federal Reserve System and Chair of the Economic Policy Committee of the Organization for Economic Cooperation and Development. After leaving the Council, Dr. Yellen served as President and Chief Executive Officer of the Twelfth District Federal Reserve Bank and Vice Chair of the Board of Governors. (Photo Credit: Wikipedia)

Joseph E. Stiglitz

  • Chairman -- June 28, 1995 - February 10, 1997
  • Member -- July 27, 1994 - June 28, 1995
Image of Joseph E. Stiglitz

Joseph E. Stiglitz served as Chairman of the Council from June 28, 1995 to February 10, 1997. Prior to serving as Chairman, Dr. Stiglitz served as a Member of the Council from July 27, 1994 to June 28, 1995. During his time at the Council, Dr. Stiglitz was on leave from his position at Stanford University as the Joan Kenney Professor of Economics. After leaving the Council, Dr. Stiglitz held numerous positions in government, academia and international organizations including Chief Economist and Senior Vice-President of the World Bank from 1997 to 2000. Dr. Stiglitz was awarded the John Bates Clark Award in 1979 and the Nobel Prize in economics in 2001. In 2011, TIME named Stiglitz one of the 100 most influential people in the world. (Photo Credit: The Roosevelt Institute)

Laura D’Andrea Tyson

  • Chair -- February 5, 1993 - April 20, 1995
Image of Laura D'Andrea Tyson

Laura D’Andrea Tyson served as Chair of the Council from February 5, 1993 to April 20, 1995. During this time, Dr. Tyson was on leave from her positions at the University of California - Berkeley as Professor of Economics and Business Administration and Research Director of the Berkeley Roundtable on the International Economy. After leaving the Council, Dr. Tyson served as Director of the National Economic Council from 1995 to 1996. Dr. Tyson also served as Dean of London Business School from 2002 to 2006 and Dean of the Haas School of Business at the University of California - Berkeley from 1998 to 2001. In 2009, Dr. Tyson was appointed a member of President Obama’s Economic Recovery Advisory Board. (Photo Credit: Wikipedia)

Michael J. Boskin

  • Chairman -- February 2, 1989 - January 12, 1993
Image of Michael J. Boskin

Michael J. Boskin served as Chairman of the Council from February 2, 1989 to January 12, 1993. During this time, Dr. Boskin was on leave from his position at Stanford University as the Burnet C. and Mildred Finley Wohlford Professor of Economics. After leaving the Council, Dr. Boskin became the T. M. Friedman Professor of Economics at Stanford University and a Senior Fellow at Stanford’s Hoover Institution. (Photo Credit: Koret Foundation)

Beryle W. Sprinkel

  • Chairman -- April 18, 1985 - January 20, 1989
Image of Beryle W. Sprinkel

Beryle W. Sprinkel served as Chairman of the Council from April 18, 1985 to January 20, 1989. Dr. Sprinkel previously served as Under Secretary for Monetary Affairs at the U.S. Treasury Department. After leaving the Council, Dr. Sprinkel served as a consultant in Chicago, IL. (Photo Credit: The New York Times)

Martin Feldstein

  • Chairman -- October 14, 1982 - July 10, 1984
Image of Martin Feldstein

Martin Feldstein served as Chairman of the Council from October 14, 1982 to July 10, 1984. During this time, Dr. Feldstein was on leave from his position at Harvard University as Professor of Economics. Prior to joining the Council, Dr. Feldstein served as President and Chief Executive Officer of the National Bureau of Economic Research (NBER) from 1977 to 1982. After leaving the Council, Dr. Feldstein served as President and CEO of the NBER from 1984 to 2008, President of the American Economic Association in 2004, member of President Bush’s Foreign Intelligence Advisory Board, and member of President Obama’s Economic Recovery Board. In 1977, Dr. Feldstein was awarded the John Bates Clark Medal. (Photo Credit: NBER)

Murray L. Weidenbaum

  • Chairman -- February 27, 1981 - August 25, 1982
Image of Murray L. Weidenbaum

Murray L. Weidenbaum served as Chairman of the Council from February 27, 1981 to August 25, 1982. During this time, Dr. Weidenbaum was on leave from his position at Washington University - St. Louis as holder of the Mallinckrodt Distinguished University Professorship. Dr. Weidenbaum previously served as Assistant Secretary at the U.S. Treasury Department from 1969 to 1971. (Photo Credit: University of North Texas Library)

Charles L. Schultze

  • Chairman -- January 22, 1977 - January 20, 1981
Image of Charles L. Schultze

Charles L. Schultze served as Chairman of the Council from January 22, 1977 to January 20, 1981. Dr. Schultze was previously appointed Assistant Director of the U.S. Bureau of the Budget in 1962 and served as Director from 1965 to 1967. After leaving the Council, Dr. Schultze became President of the American Economic Association in 1984 and Director of the Economic Studies Program at the Brookings Institution from 1987 through 1990. (Photo Credit: Yale University)

Alan Greenspan

  • Chairman -- September 4, 1974 - January 20, 1977
Image of Alan Greenspan

Alan Greenspan served as Chairman of the Council from September 4, 1974 to January 20, 1977. After leaving the Council, Dr. Greenspan served as Chairman of the Board of the Federal Reserve System for over eighteen years. Dr. Greenspan also served as Chairman and President of Townsend-Greenspan & Co., an economic consulting firm in New York City as well as Director of numerous corporations including J.P. Morgan, Mobil and General Foods. Dr. Greenspan has received numerous honors including the Medal of Freedom, the highest civilian award in the United States. (Photo Credit: Wikipedia)

Herbert Stein

  • Chairman -- January 1, 1971 - August 31, 1974
  • Member -- February 4, 1969 - January 1, 1971
Image of Herbert Stein

Herbert Stein served as Chairman of the Council from January 1, 1971 to August 31, 1974. Prior to serving as Chairman, Dr. Stein served as a Member of the Council from February 4, 1969 to January 1, 1971. During his time at the Council, Dr. Stein was on leave from his position at the University of Virginia as the A. Willis Robertson Professor of Economics. Dr. Stein returned to the University of Virginia after leaving the Council in 1974. (Photo Credit: Business Insider)

Paul W. McCracken

  • Chairman -- February 4, 1969 - December 31, 1971
  • Member -- December 3, 1956 - January 31, 1959
Image of Paul W. McCracken

Paul W. McCracken served as Chairman of the Council from February 4, 1969 to December 31, 1971. Dr. McCracken previously served as a Member of the Council from December 3, 1956 to January 31, 1959. Dr. McCracken also served at the U.S. Department of Commerce, Federal Reserve Bank of Minneapolis, President Kennedy’s task force on the domestic economy, and President Johnson’s commission on budgetary accounting. During his time as Chairman, Dr. McCracken was on leave from his position at the University of Michigan as the Edmund Ezra Day University Professor of Business Administration. (Photo Credit: University of Michigan)

Arthur M. Okun

  • Chairman -- February 15, 1968 - January 20, 1969
  • Member -- November 16, 1964 - February 15, 1968
Image of Arthur M. Okun

Arthur M. Okun served as Chairman of the Council from February 15, 1968 to January 20, 1969. Prior to serving as Chairman, Dr. Okun served as a Member of the Council from November 16, 1964 to February 15, 1968. Dr. Okun also served on the staff of the Council from 1961 to 1962. During his time at the Council, Dr. Okun was on leave from his position at Yale University as Professor of Economics. After leaving the Council, Dr. Okun became a Senior Fellow at the Brookings Institution. (Photo Credit: Wisdom Supreme)

Gardner Ackley

  • Chairman -- November 16, 1964 - February 15, 1968
  • Member -- August 3, 1962 - November 16, 1964
Image of Gardner Ackley

Gardner Ackley served as Chairman of the Council from November 16, 1964 to February 15, 1968. Prior to serving as Chairman, Dr. Ackley served as a Member of the Council from August 3, 1962 to November 16, 1964. During his time at the Council, Dr. Ackley was on leave from his position at the University of Michigan as Professor of Economics. After leaving the Council, Dr. Ackley became the U.S. Ambassador to Italy. (Photo Credit: s9.com)

Walter W. Heller

  • Chairman -- January 29, 1961 - November 15, 1964
Image of Walter W. Heller

Walter W. Heller served as Chairman of the Council from January 29, 1961 to November 15, 1964. During his time at the Council, Dr. Heller was on leave from his position at the University of Minnesota as Professor and Chairman of the Department of Economics. Dr. Heller previously served as an adviser to the United States military government in Germany from 1947 to 1948. (Photo Credit: University of Minnesota)

Raymond J. Saulnier

  • Chairman -- December 3, 1956 - January 20, 1961
  • Member -- April 4, 1955 - December 3, 1956
Image of Raymond J. Saulnier

Raymond J. Saulnier served as Chairman of the Council from December 3, 1956 to January 20, 1961. Prior to serving as Chairman, Dr. Saulnier served as a Member of the Council from April 4, 1955 to December 3, 1956. Dr. Saulnier also served as a consultant to the Council from 1953 to 1955. During his time at the Council, Dr. Saulnier was on leave from his position at Barnard College, Columbia University as Professor of Economics. After leaving the Council, Dr. Saulnier served as an adviser to the presidential campaigns of Richard M. Nixon and Barry Goldwater. (Photo Credit: The New York Times)

Arthur F. Burns

  • Chairman -- March 19, 1953 - December 1, 1956
Image of Arthur F. Burns

Arthur F. Burns served as Chairman of the Council from March 19, 1953 to December 1, 1956. During his time at the Council, Dr. Burns was on leave from his position at Columbia University as Professor Economics. After leaving the Council, Dr. Burns became Chairman of the Federal Reserve Board from 1970 to 1978 and Ambassador to West Germany from 1981 to 1985. Dr. Burns also served as Director of the National Bureau of Economic Research. (Photo Credit: Columbia University)

Leon H. Keyserling

  • Chairman -- May 10, 1950 - January 20, 1953
  • Acting Chairman -- November 2, 1949 - May 10, 1950
  • Vice Chairman -- August 9, 1946 - November 2, 1949
Image of Leon H. Keyserling

Leon H. Keyserling served as Chairman of the Council from May 10, 1950 to January 20, 1953. Prior to serving as Chairman, Dr. Keyserling served as Acting Chairman from November 2, 1949 to May 10, 1950 and Vice Chairman from August 9, 1946 to November 2, 1949. Dr. Keyserling held numerous additional positions in the public sector including general counsel to the U.S. Housing Authority, Federal Public Housing Authority, and National Housing Agency. (Photo Credit: The Truman Library)

Edwin G. Nourse

  • Chairman -- August 9, 1946 - November 1, 1949
Image of Edwin G. Nourse

Edwin G. Nourse served as Chairman of the Council from August 9, 1946 to November 1, 1949. Prior to joining the Council, Dr. Nourse served at the Brookings Institution from 1923 until 1946 as Chief of the Agriculture Division, Director of the Institute of Economics, and Vice President. (Photo Credit: Western Libraries)