Council of Economic Advisers

The Council of Economic Advisers ( Council of Economic Advisers ), short- CEA, is an advisory body of the President of the United States. It is part of the Executive Office of the President and advises various offices in the White House on economic matters. Council members, as well as its chairman - currently Jason Furman - are appointed by the President with the consent of the Senate.

The Council of Economic Advisers is also responsible for the annual Econonomic Report of the President.


The Council was created in 1946 by the Employment Act to provide the President with objective economic analysis and to advise him on economic policy initiatives in a variety of both domestically and on the international level, significant areas. In his first seven years, the Council has developed five major technical advances: 1) the replacement of a " cyclical model " of the economy with a " growth model ", 2) the setting of quantitative targets in economic policy, 3) use of the theories of fiscal -drag and the full employment budget, 4) the recognition of a need for flexibility in tax policy, and 5 ) the replacement of the concept of structural unemployment with the insufficient demand.

In 1949, a dispute between the chairman Edwin Nourse and the Council member Leon Keyserling broke out. Nourse believed that the government between " guns or butter " (English " bread and butter " ) would have to decide. Keyserling argued, however, that strong economic growth can sustain increased military expenditure without deterioration of living standards. Keyserling was supported by two influential advisers of President Truman, Dean Acheson and Clark M. Clifford. In response Nourse resigned as chairman, but warned the government against the dangers of high government deficits and wasteful spending on arms. Keyserling moved up to the presidency and influenced by this position Truman's Fair Deal policy and the decision 68 of the National Security Council, which declared in April 1950 that the much needed expansion of the military no impact on the living standards and not the transformation of the free character the economy ( " transformation of the free character of our economy" ) would result.


  • Chairman: Jason Furman
  • Member: Jim Stock
  • Chief of Staff: Jessica Schumer
  • Director of Makroöknonomische Forecast: Steven N. Braun
  • Senior Öknonomen: Bevin Ashenmiller for Energy and Environment
  • Sue Helper for manufacturing policy
  • Chinhui Juhn for labor policy
  • Paul Lengermann of Macroeconomics
  • Emily Lin for Tax Policy
  • Rodney Ludema for International Economic
  • Wes Yin for Health Policy
  • David Cho
  • Nicholas Li
  • Ben Meiselman
  • Nicholas Tilipman
  • Lee Tucker
  • Jeffery Zhang
  • Matt Aks
  • Carys Golesworthy
  • Dina Grossman
  • Cordaye Ogletree
  • Spencer Smith
  • Rudy Telles
  • Philip Lambrakos
  • Adrienne T. Pilot, Director
  • Analysts: Brian Amorosi & Sarah Murray

Former members

Former chairman of the board are:

Among the influential members of the Council also included:

  • Paul Krugman (1982-1983)
  • William D. Nordhaus (1977-1979)
  • Hendrik Houthakker (1969-1971)
  • Eckstein, Otto (1964-1966)
  • James Tobin (1961-1962)
  • John D. Clark (1946-1953)