Employment Act of 1946

Economic Report of the President

this is presented every January by the President to Congress. Based on the work of the Council, the report recommends a program for maximizing employment, and may also recommend legislation.

Council of Economic Advisers (CEA)

A three-member body appointed by the president to advise the president on economic policy.

Law that assigned to the federal government the responsibility for promoting full employment and price stability

Employment Act of 1946

Joint Economic Committee (JEC)

This is a committee composed of 10 members of the House and 10 members of the Senate that makes a report early each year on its continuous study of the economy. Study is conducted through hearings and research, and the report is made in response to the president's recommendations.