Council of Economic Advisers [CEA] Law and Legal Definition

The Council of Economic Advisers (CEA) is a group of three economists who advise the U.S. President on the development and implementation of a wide range of domestic and international economic policy issues. CEA was established by the Employment Act of 1946. It is a part of the Executive Office of the U.S. President. CEA provides much of the economic policy of the White House. The council prepares the annual Economic Report of the U.S. President.