Members of the Council of Economic Advisers

Jason Furman

Image of Jason FurmanJason Furman was confirmed by the Senate on August 1, 2013 as the 28th Chairman of the Council of Economic Advisers. In this role, he serves as President Obama’s Chief Economist and a Member of the Cabinet. Furman has served the President since the beginning of the Administration, previously holding the position of Principal Deputy Director of the National Economic Council and Assistant to the President. Immediately prior to the Administration, Furman was Economic Policy Director for the President’s campaign in 2008 and a member of the Presidential Transition Team.

Furman held a variety of posts in public policy and research before his work with President Obama. In public policy, Furman worked at both the Council of Economic Advisers and National Economic Council during the Clinton administration and also at the World Bank. In research, Furman was a Senior Fellow at the Brookings Institution and the Center on Budget and Policy Priorities and also has served in visiting positions at various universities, including NYU’s Wagner Graduate School of Public Policy. Furman has conducted research in a wide range of areas, such as fiscal policy, tax policy, health economics, Social Security, and domestic and international macroeconomics. In addition to numerous articles in scholarly journals and periodicals, Furman is the editor of two books on economic policy. Furman holds a Ph.D. in economics from Harvard University.


Maurice Obstfeld

Image of Maurice ObstfeldMaurice Obstfeld is a member of the Council of Economic Advisers. He is on leave from the University of California, Berkeley, where he is the Class of 1958 Professor of Economics. He joined Berkeley in 1989 as a professor, following appointments at Columbia (1979-1986) and the University of Pennsylvania (1986-1989). He received his Ph.D. in economics from MIT in 1979.

Dr. Obstfeld previously served as an honorary advisor to the Bank of Japan's Institute of Monetary and Economic Studies. He is a Fellow of the Econometric Society and the American Academy of Arts and Sciences. Among Dr. Obstfeld's honors are the American Economic Association’s Ely Lecture, Tilburg University’s Tjalling Koopmans Asset Award, and the Kiel Institute’s Bernhard Harms Prize and Lecture. His research focuses on exchange rates, international financial crises, global capital-market integration, and monetary policy in open economies. He is also the co-author of two leading textbooks on international economics.


Sandra Black

Image of Sandra BlackSandra Black is a member of the Council of Economic Advisers. She is on leave from the University of Texas, Austin where she holds the Audre and Bernard Rapoport Centennial Chair in Economics and Public Affairs and is a Professor of Economics. Dr. Black has worked as an Economist at the Federal Reserve Bank of New York, and as an Assistant, Associate, and ultimately Professor in the Department of Economics at UCLA before arriving at the University of Texas, Austin in 2010.

She was previously the Editor of the Journal of Human Resources, a Research Associate at the National Bureau of Economic Research, and a Research Affiliate at the Institute for the Study of Labor. Dr. Black’s research focuses on the role of early life experiences on the long-run outcomes of children, as well as issues of gender and discrimination. She received her B.A. from the University of California, Berkeley and her Ph.D. in economics from Harvard University.