Established by Congress in 1946, the Council of Economic Advisers is charged with advising the President on economic policy based on data, research, and evidence.
The CEA is composed of three members, including a Chair who is appointed by the President with the advice and consent of the Senate, who analyze and interpret economic developments and formulate and recommend economic policies that advance the interests of the American people.
Some of the tasks of the CEA include:
- Assisting the President in preparing the Economic Report, an annual report written by the CEA Chair that provides an overview of the nation’s economic progress
- Analyzing information on economic developments and trends
- Reviewing federal government policies and programs to ensure they continue to promote sound economic policy
- Recommending economic policies that will benefit American workers
President Biden has appointed Cecilia Rouse as Chair of the CEA, and Jared Bernstein and Heather Boushey as members. Together, they will help steer America’s economic recovery and help our nation build back better.