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.
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Hubbard, Dean of Columbia University's Graduate School of Business and former Chairman of the U.
Commerce Department used flawed economic reasoning in reaching a preliminary determination that Canada subsidizes its softwood lumber industry, according to a former member of the U.

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