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U.S. President Barack Obama (R) introduces Alan B. Krueger in the Rose Garden of the White House August 29, 2011 in Washington, DC. When confirmed, Krueger will be the new Chairman of the president's Council of Economic Advisors.
President Obama picked a Princeton labor economist - Alan Krueger - to head the White House Council of Economic Advisers. Krueger is known as a moderate liberal economist and has support on both sides of the aisle. Congress is expected to approve the nomination. Krueger headed the Cash for Clunkers program at the Treasury Department and is known for his studies of the minimum wage. His Princeton colleague and fellow labor economist Cecilia Rouse tells us what his appointment may mean for economic policy.