Council of Economic Advisors

Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

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 Advisors (CEA).

The Council of Economic Advisors' job is to assist and advise the president of the United States on economic policy. The CEA differs from other government agencies in its academic orientation and emphasis on contemporary developments in economic thought.

The Council consists of a chairman and two staff members, appointed by the president and confirmed by the Senate, plus a staff of about ten economists and ten younger scholars. The Council's chairman frequently speaks on behalf of the administration on economic issues and policies.

References in periodicals archive ?
McClellan was previously a member of the President's Council of Economic Advisors under President Bush and Deputy Assistant Secretary of the Treasury under President Clinton.
Julio Ortega-Tous, chairman of the Council of Economic Advisors to the Executive Branch and Chief Debt Negotiator for the Dominican Republic, said, "The Dominican Republic's recent bond exchange was a complete success and marks an important milestone in the country's ongoing financial restructuring.
Nick has also served as economist for General Electric and the Federal Reserve Bank of New York, and the President's Council of Economic Advisors.
Professor Bradley has testified in some of the most important cases involving takeovers and corporate governance issues in state and federal courts and before the Senate Banking Committee, the Securities and Exchange Commission, the Council of Economic Advisors, the National Association of Manufacturers, and the Council of Institutional Investors.
NEW YORK -- Professor Lawrence White, former chief economist of the Department of Justice's Antitrust Division, senior staff member of the President's Council of Economic Advisors during the Carter administration and bank regulator can address the impact on the financial sector and overall economy.

Full browser ?