On February 21, 2020 Governor Gavin Newsom  announced the creation of his Council of Economic Advisors. Among the Economic advisors is UCSB Economics PhD alum Fernando Lozano, who was elected to be the Co-Chair of California Gov. Gavin Newsom’s new Council of Economic Advisors.

SACRAMENTO — Continuing his commitment to strengthen, innovate and grow California’s economy, Governor Gavin Newsom today announced the creation of his Council of Economic Advisors. The Council will advise the Governor and Director of the California Department of Finance Keely Martin Bosler on wide-ranging economic issues and deepen relationships between the Administration and academic researchers to keep California moving toward an economy that is inclusive, resilient, and sustainable.

The Council will be co-chaired by Laura Tyson, Professor at the Graduate School and Faculty Director of the Institute for Business & Social Impact at the University of California, Berkeley Haas School of Business, and Fernando Lozano, Professor of Economics at Pomona College. The Council will include Lieutenant Governor Eleni Kounalakis and the Governor’s Chief Economic and Business Advisor Lenny Mendonca, as well as top academics. The group will meet and advise the Governor upon request, and be convened and guided by the Department of Finance’s Chief Economist Irena Asmundson.

“For California to continue thriving, we need our economy to work for everyone in every corner of the state,” said Governor Newsom. “Our state is experiencing its longest economic expansion, with record-low unemployment – 3.9 percent – increases in personal income, and billions in investments, but this expansion has unevenly benefited people across the state. We need to invest for the future, adapt to a changing climate and keep our budget balanced. This Council will keep its pulse on what’s happening in our economy while making policy recommendations to prepare us for what’s to come.”

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