WASHINGTON Economist Jason Furman received congressional approval Thursday to be the new chairman of the White House Council of Economic Advisers.
Furman, who is succeeding Alan Krueger as head of the council, is a former senior fellow at the Brookings Institution and director of the Hamilton Project. He also previously worked as a staff economist at the Council of Economic Advisers. Krueger had stepped down to teach at Princeton University.
The Senate also confirmed members to sit on the Securities and Exchange Commission and the board National Credit Union Administration. The SEC term of Mary Jo White, who is chairman of the commission, was extended to June 2019. (White's initial appointment was to fill the term of former SEC Chairman Mary Schapiro, which is set to expire June 2014.) Kara Stein and Michael Piwowar were also confirmed to be members of the SEC.
Meanwhile, Richard Metsger was confirmed to take a seat on the NCUA's board.