The Council of Economic Advisers is an agency within the Executive Office of the President that assists and advises the President with the formulation and implementation of both domestic and international economic policy. The Council also advises the President on economic policies. The Council of Economic Advisers was established by Congress in the Employment Act of 1946.
The Council comprises of a Chair, two Members, and a support team of highly trained professional economists, forecasters, research assistants and statistical experts, who upon evidence-based research provide the President with thorough and timely economic analysis. The Council’s three members are nominated by the President and approved by the United States Senate.