WASHINGTON — Beryl W. Sprinkel, chairman of the President's Council of Economic Advisers, said today that he will leave his post in November to return to the private sector "for personal reasons."
Sprinkel, 63, said President Reagan had accepted his resignation with reluctance. Sprinkel said he intends to return to the Chicago area, where he once lived, to serve as a corporate consultant, write, engage in public speaking and possibly teach.
Sprinkel, who has maintained a relatively low profile in the job he has held since April, 1985, reportedly was unhappy that he had been passed over for the post of Federal Reserve Board chairman, a job President Reagan gave to New York economist Alan Greenspan last June, White House sources said.
But Sprinkel said today that "I'm not leaving with sour grapes or irritation. I'm leaving with great respect for the governmental process and for President Reagan."