WASHINGTON (AP) -- President Barack Obama intends to nominate Jason Furman, a veteran White House economic official, as chairman of the president's Council of Economic Advisers, according to a person familiar with the decision.

The council is one of two conduits of economic advice to the president. The other is the National Economic Council, where Furman currently serves as principal deputy director. The person spoke on condition of anonymity because the nomination has not been announced.

If confirmed by the Senate, Furman would replace Alan Krueger, who is returning to Princeton University.

Krueger, a labor economist, has been the face of the White House every first Friday of the month to respond to the government's monthly jobs report.

Furman's research has been focused on fiscal and tax policy, Social Security, and monetary policy.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.