Journal Article
The Role of the Council of Economic Advisers
Steelman, Aaron (2017-04)
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.
Econ Focus , Issue 2Q , Pages 3-3