The State Economic Council was established in 1993. Its main function is to provide policy advice to the president on US and global economic policies. It works in the White House Office of Policy Development and is part of the Executive Office of the President. The second largest think tank: White House Council of Economic Advisers
The Economic Advisory Council is an organization established under the Employment Law 1946. The White House Council of Economic Advisers is mainly a think tank composed of economists, focusing on macroeconomic analysis, research and forecast and economic policy recommendations. Responsible to the President and the Senate and the House of Representatives, and responsible for public relations in the domestic economic field.
The third largest economic think tank: Economic Recovery Advisory Committee
In order to cope with the current financial crisis, strengthen the country's economic competitiveness, and maintain the prosperity of American society, US President Barack Obama issued the Order on Establishing an Economic Recovery Advisory Committee on February 5, 2009, which provides independent and non-partisan information analysis and suggestions to the President when formulating and implementing the economic recovery plan. This temporary institution, which lasts for two years (unless the President orders an extension), surfaced. Its main task is to help the American economy get rid of the recession and stabilize the financial market, and to provide advice and suggestions to the President and relevant departments.
The fourth largest economic think tank: the President's Export Council
After the financial crisis broke out, the American economic growth model based on overdraft consumption, credit expansion and real estate market prosperity was unsustainable. Where will the American economy go after the crisis? This is a difficult problem that the US government must answer. In the short term, we should focus on stimulating demand and cleaning up the non-performing assets of financial institutions to restore market confidence. In the long run, "re-industrialization" will become an important strategy for the United States to rebuild its competitive advantage.