Nomination of Murray L. Weidenbaum To Be a Member of the Council of Economic Advisers, and Designation as Chairman

The President today announced his intention to nominate Murray L. Weidenbaum as a member of the Council of Economic Advisers. Upon confirmation by the Senate, the President also intends to designate Mr. Weidenbaum as Chairman of the Council.

Mr. Weidenbaum is director of the Center for the Study of American Business and Mallinckrodt Distinguished University professor at Washington University in St. Louis, Mo. He has been a member of the faculty since 1964 and was chairman of the department of economics from 1966 to 1969.

From 1969 to 1971, Mr. Weidenbaum served as Assistant Secretary of the Treasury for Economic Policy. From 1963 to 1964, he was a senior economist at the Stanford Research Institute. From 1958 to 1963, Mr. Weidenbaum was a corporate economist with the Boeing Co. He was an economist with the U.S. Bureau of the Budget from 1949 to 1957.

His professional activities include serving as adjunct scholar for the American Enterprise Institute for Public Policy Research and a member of the board of directors of the American Council for Capital Formation.

Mr. Weidenbaum received his M.A. from Columbia University in 1949 and his Ph.D. at Princeton University in 1958.

Mr. Weidenbaum is the author of many books and articles on economics.