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 ?
Now he chairs the Bush National Economic Council, a body somewhat redundant with the Council of Economic Advisers.
As chairman of the Council of Economic Advisers, Stiglitz was the highest official charged with analyzing the impact of economic policies on Americans.
The bottom 40% of households receive far more in income transfers than they pay in taxes," argued the staffs of the Council of Economic Advisers and the Office of Management and Budget in a statement responding to the Ways and Means Committee.
The Council of Economic Advisers, a group of academics assisting the Bush Administration, has exonerated the record borrowing binge the US has been on, by considering the willingness of foreign investors to keep on pouring in money to finance US deficits a positive sign for the economy.
But Mackay told MSPs: "The First Minister has asked the council of economic advisers to consider how and to what extent this risk can be mitigated, and if we are sufficiently assured that it can be, that we consider raising the additional rate from 45p to 50p.
WASHINGTON, May 29 (KUNA) -- Chairman of the President's Council of Economic Advisers Alan Krueger will leave his position and return to Princeton University, the White House announced late Tuesday.
Alan Krueger, the chairman of the Council of Economic Advisers, said: "It is critical that we remain focused on pursuing policies to speed job creation.
I think this is a solid report," Council of Economic Advisers Chairman Alan Krueger said on Bloomberg television.
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.

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