Austan Goolsbee, a longtime adviser to President Barack Obama, will resign his post as the chairman of the Council of Economic Advisers this summer to return to teaching at the University of Chicago Graduate School of Business, the White House announced Monday.
Obama called him "one of America's great economic thinkers."
Goolsbee has been the face of the White House on economic news, and is a regular every first Friday of the month explaining the administration's take on the latest jobless numbers.
He brought a mix of levity and a teacher's sensibility to the job, using the White House blog, Facebook or YouTube to illustrate tax cuts, trade, or the auto industry resurgence on a dry-erase board with a dry wit and a gravel voice. He has been at Obama's side for years. He advised Obama during his 2004 Senate race and was senior economic policy adviser during the 2008 presidential campaign and has served on the three-member economic council since the start of the administration.