Council of Economic Advisers


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Council of Economic Advisers

A group of economists appointed by the President of the United States to provide economic counsel and help prepare the president's budget presentation to Congress.

Council of Economic Advisers

A committee of three members charged with advising the President of the United States on economic matters. Among its duties are helping the President formulate policy, interpreting data, and generally serving as the White House's resident experts on the economy. Each year, the Council prepares a report, which gives information on the state of the economy of the previous year and contains predictions for the coming year. The Council consists of a chairperson and two members, who are appointed by the President upon approval of the Senate. It is the subject of criticism at times because political considerations have been known to color its reports.

Council of Economic Advisers

A group of three economists appointed by the President of the United States to advise the executive branch on domestic and foreign economic issues. The influence of the Council has varied widely depending upon the views of the President in office and the use he wishes to make of its advice.
References in periodicals archive ?
I want to thank the staff of the Council of Economic Advisers who have joined us today.
As chairman of the Council of Economic Advisers, Stiglitz was the highest official charged with analyzing the impact of economic policies on Americans.
I asked Alan to lead my Council of Economic Advisers because he understands the economy better than almost anyone, but more importantly, he understands who we are fighting for - middle-class families and anyone working to climb into the middle class," said President Barack Obama in the statement.
The Motherwell MSP added: "His lack of empathy just reinforces the case for scrapping the SNP's council of economic advisers and replacing it with an economic policy that actually works.
Romer, the former co-director of NBER'S Program on Monetary Economics, a former member of the Business Cycle Dating Committee, and a faculty member at the University of California, Berkeley, has been confirmed as Chair of the President's Council of Economic Advisers.
The losers are Vice President Cheney, National Economic Council head Al Hubbard, and the President's Council of Economic Advisers chaired by Ed Lazear.
Freeman was on leave as senior staff economist at the Council of Economic Advisers.
The Treasury had four special advisers, but in addition, the five members of the Treasury's Council of Economic Advisers were also employed on special adviser terms.
The report, prepared by the White House Council of Economic Advisers and signed by Bush, offers a scathing critique of the current system and an exuberant description of radical alternatives.
A former chairman of Bill Clinton's Council of Economic Advisers and chief economist of the World Bank, he draws on his experience to attack the IMF for the first contributing to the economic problems of the 1990s and then making them worse.
In the mid-1960s, a report from the Council of Economic Advisers stated that we had sufficient knowledge to manage the economy and it was incumbent on us to do so," says Hoskins, the former chief at the Cleveland Fed.
The Cabinet Office said Tuesday it will cancel the meeting scheduled for next Monday in Tokyo between Glenn Hubbard, chairman of the White House Council of Economic Advisers (CEA) and Heizo Takenaka, state minister in charge of economic and fiscal policy.

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