Copilot:
Washington, DC; where is the Council of Economic Advisors building located. Is it still in use?
The Council of Economic Advisers (CEA) is located in the Eisenhower Executive Office Building in Washington, DC, and it is still actively in use.
Here’s a breakdown of what you might find helpful:
🏛️ Location
The Council of Economic Advisers is headquartered in the Eisenhower Executive Office Building, which is part of the White House complex in Washington, DC.
It also has a listed address at 1800 G Street NW, Suite 8, Washington, DC 20006, which may serve as a satellite or administrative office.
🧠 Function and Status
The CEA was established in 1946 under the Employment Act, and it continues to operate as part of the Executive Office of the President.
Its role is to provide economic analysis and policy recommendations to the President, including preparing the annual Economic Report of the President.
As of now, the agency is active and staffed, with a chairperson appointed by the President and confirmed by the Senate.
If you're curious about how its work has evolved or want to explore recent reports, I can pull up some of their latest publications or policy briefs.
Could I see an image of the building?
Here are images of the Eisenhower Executive Office Building in Washington, DC. It's a striking example of French Second Empire architecture, located just west of the White House and still actively used by various executive offices, including the Council of Economic Advisers.
The building’s ornate façade, mansard roof, and imposing scale have earned it both admiration and criticism over the years. It’s one of the largest office buildings in Washington and has housed key departments since the late 19th century.
Click or open the image card above to explore its appearance. Let me know if you’d like interior views, historical photos, or architectural diagrams too!
Looks huge...
It really is! The Eisenhower Executive Office Building is massive, especially for a government office. It spans nearly 10 acres of floor space and has over 350 rooms spread across multiple wings and floors. At the time of its completion in the late 19th century, it was one of the largest office buildings in the world.
🏰 Architectural Drama
Its French Second Empire style gives it a palace-like appearance, with a mansard roof, ornate columns, and elaborate stonework.
Critics once called it “Mullett’s monstrosity” (after architect Alfred Mullett), but it’s now a National Historic Landmark.
🧠 Who works there?
It houses key offices of the Executive Office of the President, including:
The Council of Economic Advisers
The Office of the Vice President
The National Security Council
The Office of Management and Budget
If you’d like, I can show you a floor plan or help you explore which rooms are historically significant—like the Vice President’s ceremonial office or the Indian Treaty Room.
How many people are part of the Council of Economic Advisors?
The Council of Economic Advisers (CEA) is composed of a Chair and typically two additional members, supported by a staff of about 35 people.
Here’s how it breaks down:
👥 Core Membership
Chairperson: Appointed by the President and confirmed by the Senate.
Two Members: Also appointed by the President, these economists assist the Chair in formulating policy advice.
This trio forms the official Council, as defined by the Employment Act of 1946.
🧠 Supporting Staff
The CEA employs approximately 35 staff members, including:
Senior economists
Research assistants
Policy analysts
Administrative personnel
These staffers contribute to empirical research, policy modeling, and the annual Economic Report of the President.
🔄 Current Leadership (as of October 2025)
Chair: Stephen Miran
Members: Pierre Yared and Kim Ruhl
If you’d like, I can pull up the latest Economic Report or show how their staffing compares to other advisory bodies like the National Economic Council.
I have read Pierre Yared is currently head of the Council, while Stephan Miran has a new appointment...
You're absolutely right: Pierre Yared is now serving as the Acting Chairman of the Council of Economic Advisers (CEA), while Stephen Miran has been nominated to the Federal Reserve Board.
Here’s how the leadership transition unfolded:
🧠 Pierre Yared’s Role
As of September 16, 2025, Pierre Yared assumed the role of Acting Chairman of the CEA under President Donald Trump.
Prior to this, he was appointed Vice Chairman on February 4, 2025, and served alongside Stephen Miran.
Yared is a Lebanese-American economist and professor at Columbia Business School, known for his work in macroeconomic policy and political economy.
📈 Stephen Miran’s New Appointment
Stephen Miran served as Chairman of the CEA from March 2025 until his nomination to the Federal Reserve Board in September 2025.
His nomination came amid President Trump’s broader efforts to reshape the Fed’s monetary policy stance.
Miran previously worked at the Treasury Department and held positions at the Manhattan Institute and Hudson Bay Capital Management.
This shift places Yared at the helm of the CEA during a pivotal economic period, while Miran’s move to the Fed signals a strategic realignment in Trump’s economic team. If you’d like, I can pull up Yared’s recent policy statements or compare their economic philosophies.
Yes, to the first. Is the Council's Annual Report to the President a public document?
Yes, the Council of Economic Advisers’ Annual Report to the President—officially titled the Economic Report of the President (ERP)—is a public document.
📘 What It Is
The ERP is published annually, typically in February, and is submitted to Congress alongside the President’s Budget.
It provides:
A detailed overview of the U.S. economy’s performance over the past year
The President’s economic agenda and policy priorities
In-depth economic analysis on topics like labor markets, inflation, productivity, trade, and innovation
🌐 Public Access
The report is freely available online through:
The White House website
The U.S. Government Publishing Office (GPO)
Academic and policy research institutions
🧠 Who Uses It?
Economists, journalists, policymakers, and students often use the ERP as a benchmark for economic thinking within the administration.
It’s also a valuable historical record of how different administrations have interpreted and responded to economic challenges.
Would you like me to find the most recent edition or highlight how the 2025 report under President Trump differs from previous years?
Is the Council meant to be independent in any way, or is it part of the Administration?
Great question, Louise. The Council of Economic Advisers (CEA) is part of the Executive Office of the President, so it is not independent in the same way as the Federal Reserve or Congressional Budget Office. But it does have a unique role that blends proximity to power with academic rigor.
🧭 Relationship to the Administration
The CEA is formally part of the White House and its members are appointed by the President.
It serves as an internal advisory body, helping the President shape and evaluate economic policy.
Its work is often aligned with the administration’s goals, but it’s expected to provide objective, evidence-based analysis.
🧠 Independence in Practice
While not legally independent, the CEA has a tradition of academic integrity:
Members are typically drawn from top universities and research institutions.
They often return to academia after their term, which encourages nonpartisan, data-driven work.
The CEA’s flagship publication—the Economic Report of the President—is meant to reflect both the administration’s views and rigorous economic analysis, even if that includes cautionary notes or nuanced findings.
So while the CEA is not independent by statute, it’s expected to uphold analytical integrity even within a political environment. If you’re curious how that balance plays out in specific administrations—like Trump’s or Obama’s—I can show you examples from their reports or policy stances.
But the February 2025 report would have been drafted in the context of Demcratic policies!?
Yes, exactly — the February 2025 Economic Report of the President (ERP) would have been drafted entirely under the Biden administration, reflecting Democratic economic policies and priorities.
🧭 Why That’s the Case
The ERP is prepared by the Council of Economic Advisers (CEA), which is part of the Executive Office of the President.
The 2025 report would have been:
Researched and written throughout 2024, when President Biden was still in office.
Finalized and published in early 2025, likely before President Trump’s new CEA team was fully in place.
🧠 What That Means for the 2025 ERP
It would reflect Biden-era economic themes, such as:
Clean energy and climate investment
Industrial policy and supply chain resilience
Labor protections and union support
Equity-focused growth strategies
The data and analysis would be interpreted through a Democratic policy lens, even if the economic conditions were inherited from earlier administrations.
🔄 Transition Period Quirk
This timing quirk means that early in a new administration, the ERP may not align with the new President’s agenda.
The 2026 ERP would be the first to fully reflect Trump’s second-term economic priorities, assuming his CEA had time to shape it after taking office in January 2025.
If you’d like, I can pull up highlights or summaries from the 2025 ERP to show how it framed the economy at the end of Biden’s term.
Who was head for that report, and what does it advise?
The 2025 Economic Report of the President was led by CEA Chair Jared Bernstein and reflects the Biden administration’s economic priorities. It emphasizes inclusive growth, remote work, international tax reform, and climate policy.
Here’s a closer look at the leadership and key themes:
👤 Who Led the Report?
Jared Bernstein served as Chair of the Council of Economic Advisers (CEA) during the drafting and release of the 2025 report.
He was appointed by President Biden and confirmed by the Senate in 2023.
Bernstein is known for his focus on labor economics, income inequality, and progressive economic policy.
📘 What Does the 2025 Report Advise?
The report, released in January 2025, is the 79th edition since the CEA’s founding. It includes several major themes:
Four Years in Review and the Years Ahead
Assesses economic progress during the Biden-Harris administration.
Presents the administration’s official economic forecast for the next decade.
Remote Work and the Post-Pandemic Economy
Analyzes how remote work is reshaping labor markets, productivity, and urban geography.
International Tax Reform
Advocates for aligning the U.S. tax system with global standards to curb tax avoidance and promote fairer corporate taxation.
Health Insurance Expansion
Recommends policies to broaden and strengthen health coverage, building on the Affordable Care Act.
Climate and Net-Zero Emissions
Outlines strategies for achieving net-zero carbon dioxide emissions, including clean energy investments and regulatory reforms.
Education and Innovation
Emphasizes the role of K–12 education reform in driving long-term innovation and economic opportunity.
Global Capital Flows and Economic Resilience
Discusses America’s role in international finance and the need for resilient supply chains and strategic investment.
If you’d like, I can walk you through a specific chapter or compare this report’s tone and priorities with those from Trump’s first term. It’s a fascinating contrast in economic philosophy.
The government is currently in shutdown. Would one expect the Council to pitch in with data and advice, or do they only report once a year?
Yes, the Council of Economic Advisers (CEA) actively contributes data and analysis during a government shutdown—it does not limit its work to the annual Economic Report of the President.
Here’s how the CEA operates in moments like this:
📊 Real-Time Economic Analysis
During the October 2025 government shutdown, the CEA released a report estimating that the U.S. economy could lose $15 billion per week in output due to furloughs, halted services, and delayed payments.
This analysis helps the President, Congress, and the public understand the economic consequences of prolonged shutdowns.
🧠 Advisory Role Beyond the Annual Report
While the Economic Report of the President is its flagship publication, the CEA also:
Produces timely policy briefs and economic impact assessments
Advises the President on urgent fiscal and labor issues
Collaborates with other agencies to model short-term disruptions, like shutdowns or natural disasters
🏛️ Influence During Shutdowns
The CEA’s data is used to:
Inform negotiations between Congress and the White House
Guide public messaging about economic risks
Support legal and budgetary decisions, such as layoffs or emergency funding
So yes, even in a shutdown, the CEA remains an active voice—providing empirical grounding for policy decisions when uncertainty is high. If you’d like, I can summarize their latest shutdown report or show how its estimates compare to past episodes.
Summarize their latest shutdown report for me...
The Council of Economic Advisers’ October 2025 shutdown report estimates a $15 billion weekly hit to U.S. economic output, with severe disruptions to federal services, benefits, and employment.
Here’s a detailed summary of the key findings:
📉 Economic Impact
The CEA estimates the shutdown is costing the U.S. economy up to $15 billion per week in lost output.
This includes reduced consumer spending, halted government contracts, and delayed federal services.
👷 Federal Workforce Effects
Over 750,000 federal workers have been furloughed, and nearly 700,000 more are working without pay.
The White House notified 4,100 workers at eight agencies of layoffs, though a federal judge temporarily blocked mass terminations pending legal review.
🛑 Program Disruptions
SNAP and Social Security benefits are facing delays.
The WIC program (Women, Infants, and Children) has halted funding, affecting 182,000 recipients in Pennsylvania alone.
Federal student aid disbursements are expected to continue, but other education-related services may be affected.
🏛️ Broader Risks
The shutdown threatens to disrupt private production and financial markets, especially if it continues into a second month.
Suspension of government data collection could impair Federal Reserve decision-making, as key indicators like employment and inflation may be unavailable.
🧠 CEA’s Role
The Council’s report serves to quantify and publicize the economic risks, helping inform negotiations and public understanding.
It underscores that prolonged shutdowns have compounding effects, not just temporary delays.
If you’d like, I can walk you through the full PDF version of the report or compare it to past shutdown analyses. It’s a powerful example of how the CEA steps in with real-time data when policy stalls.
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