How does this group typically serve a president? It’s a little bit like the president’s personal think tank.
Members look at economic data, run analysis and then advise the president on policies that might find fertile ground. One of the council’s big roles is to head off bad ideas. Because the council doesn’t have any explicit authority within the government, its influence is largely based on the chairman’s relationship with the president. In the past, Council of Economic Advisers economists have tended to come from academic institutions, that are apolitical or non-political. But Trump has reportedly signaled he might tap CNBC commentator Larry Kudlow to head the council.
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