The Role of the Council of Economic Advisers

Aaron Steelman

Econ Focus, 2017, issue 2Q, 3-3

Abstract: The Employment Act of 1946 is best known for stating that the federal government has a responsibility to, among other things, \\"promote maximum employment, production, and purchasing power.\\" That will sound familiar to many: It closely resembles the Fed's \\"dual mandate\\" that was adopted in 1977 and reinforced with the passage of the Humphrey-Hawkins Act of 1978, itself an amendment to the 1946 Act. Less well known is the 1946 law's creation of the Council of Economic Advisers, or CEA.

Keywords: CEA; Council of Economic Advisers (search for similar items in EconPapers)
Date: 2017
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