Journal Article
The Role of the Council of Economic Advisers
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.
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https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2017/q2/profession.pdf
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Provider: Federal Reserve Bank of Richmond
Part of Series: Econ Focus
Publication Date: 2017
Issue: 2Q
Pages: 3-3