Council of Economic Advisers

noun

U.S. Government.

1. a board, consisting of three members, established in 1946 to advise the president on economic matters. CEA

Example Sentences

Without AI, the U.S. economy would be dead in the water, according to Jason Furman of Harvard External link, a former head of the Council of Economic Advisers under President Barack Obama.

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The White House Council of Economic Advisers recently estimated that a month-long shutdown could lead to the loss of $30bn in consumer spending, in part due to the impact on government contractors, which number in the millions and are not eligible for back pay if their work is affected.

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He moved quickly to install the chairman of his Council of Economic Advisers, Stephen Miran, on the Fed in time for this week's meeting after a short-term vacancy opened up last month.

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Miran, who is chair of the Council of Economic Advisers, will be the first sitting White House official to join the Fed's board since its creation in its current form in the 1930s.

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She previously served on Barack Obama's Council of Economic Advisers and worked at the US Treasury.

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