RedTracker| Christina Romer is resigning as chairman of President Barack Obama’s Council of Economic Advisers, returning to her teaching post at the University of California at Berkeley, effective Sept. 3.
Romer said she is returning to California so that the youngest of her three children can begin high school there.
Ms. Romer is considered a possible successor to Janet Yellen as president of the Federal Reserve Bank of San Francisco. Ms. Yellen has been nominated to be vice chairman of the Federal Reserve Board in Washington. Ms. Romer will join the President’s Economic Recovery Advisory Board, chaired by former Fed Chairman Paul Volcker. via Wall Street Journal