Council of Economic Advisers facts for kids
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| Agency overview | |
|---|---|
| Formed | 1946 |
| Preceding agencies |
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| Headquarters | Eisenhower Executive Office Building |
| Employees | About 35 |
| Agency executive |
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| Parent agency | Executive Office of the President of the United States |
The Council of Economic Advisers (CEA) is a special group that helps the President of the United States understand and make decisions about the economy. Think of them as the President's expert team for money matters! They work inside the Executive Office of the President, which is a big part of the White House team.
The CEA does a lot of important research. They help the President figure out things like how to create more jobs, control prices, or make sure the country's economy is strong. Every year, they also help write a big report called the Economic Report of the President. This report shares important information about the country's economy.
What Does the CEA Do?
The main job of the Council of Economic Advisers is to give the President expert advice on economic policy. This means they look at numbers and trends to suggest the best ways to help the country's economy grow and stay healthy.
- Research and Analysis: They study how the economy is doing, looking at things like jobs, prices, and how much people are buying and selling.
- Policy Recommendations: Based on their research, they suggest ideas for new laws or actions that could improve the economy.
- Economic Report: They help prepare the annual Economic Report of the President. This report explains the current state of the economy and what the government plans to do.
The CEA is made up of three members, and one of them is chosen to be the Chair. The Chair is like the leader of the team.
Who Leads the CEA?
The leader of the Council of Economic Advisers is called the Chair. This person is a very important economist who helps guide the President's economic decisions. The Chair is chosen by the President and then approved by the United States Senate.
Many famous economists have served as the Chair of the CEA over the years. They come from different backgrounds and have advised many different Presidents. For example, Janet Yellen, who later became the Secretary of the Treasury, was once the Chair of the CEA.
See also
In Spanish: Consejo de Asesores Económicos para niños
