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Economic Definition of Council of Economic Advisors. Defined.

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Term Council of Economic Advisors Definition: A three-member board that advises the President of the United States on economic policy and helps prepare an annual economic report. These three men are economists (they're usually, but not always men and usually, but not always, economists) who keep the President up to date on current economic statistics and do most of the dirty work in terms of formulating the details of economic policies. The Chairman of the Council of Economic Advisors has one of the two most important non-elected voices on economic policy in the nation, with the other being the Chairman of the Board of Governors of the Federal Reserve System.

 

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