Trump says Council of Economic Advisers head Pierre Yared is leaving

Pierre Yared is leaving his role as the acting chairman of the White House’s Council of Economic Advisers, President Donald Trump said Tuesday.

Yared, who has served in the role since September, “is returning to Columbia Graduate School where he is greatly respected by all,” Trump said in a Truth Social post.

Yared “and his team of ‘Brainiacs’ at the CEA have worked around the clock to Make America WEALTHY Again — with Great Success!” Trump wrote. “I want to thank Pierre for his terrific service to our Country, and wish him and his wonderful family all of the best for a healthy and happy future.”

Yared has held the title of Professor of International Business for the economics division of Columbia Business School, which he joined in 2007, according to the school’s website.

CNBC’s efforts to reach Yared through the phone and email associated with him at Columbia were not immediately successful.

The Council of Economic Advisers has provided the president with information and advice on both domestic and international economic policy since 1946.

It was not immediately clear who would succeed Yared. The CEA’s official website still lists Yared as acting chairman, and notes that Aaron Hedlund, a research fellow at the Federal Reserve Bank of St. Louis, serves as Member.