Page 18 - THE SOUTH CHINA BUSINESS JOURNAL
P. 18
C. TODAY
Council of Economic Advisers
(CEA) Chair Cecilia Rouse
Predicts Soft Landing
“ First, consumer price data showed headline inflation was 0.0% last month. This
moderation compared to the month before was driven by declining gas prices,
We are and lower prices for clothes, air fares, electronics, used cars, and more.
continuing
to see Second, new data today shows declining prices that producers pay to make the
encouraging goods and services that consumers and businesses buy, such as gasoline, jet fuel,
economic iron and steel.
developments,
including And third, the average national price for a gallon of gasoline fell below $4 today.
strong job This is providing much needed breathing room for families across the country.
growth and
lower energy While the news from this week is encouraging, we have more work to do to bring
prices. inflation down, without giving up the substantial economic and labor market gains
of the past year. Congress should pass the Inflation Reduction Act as soon as
” possible, which will help our economy address some of its most important near-
term and long-term challenges.
15 AMCHAM SOUTH CHINA
• About the Author
Dr. Cecilia Rouse is the chairperson of the Council of Economic Advisers (CEA). She
is a prominent labor economist with expertise in the economics of education and
equality and issues related to long-term unemployment. Her academic research
and writings have focused on education, discrimination in the workforce, and
various financial challenges facing individuals and families. The Senate confirmed
Dr. Rouse on March 2, 2021, making Rouse the first Black chairperson in the history
of CEA, which was formed in 1946.
• About CEA
Established by Congress in 1946, the Council of Economic Advisers is charged with
advising the President on economic policy based on data, research, and evidence.
The CEA is composed of three members, including a Chair who is appointed by the
President with the advice and consent of the Senate, who analyze and interpret
economic developments and formulate and recommend economic policies that
advance the interests of the American people. Under President Biden, Cecilia Elena
Rouse serves as Chair of the CEA, and Jared Bernstein and Heather Boushey serve
as members. Together, they are helping steer America’s economic recovery and
ensure that our nation builds back better.
Some of the tasks of the CEA include:
• Assisting the President in preparing the Economic Report, an annual report written
by the CEA Chair that provides an overview of the nation’s economic progress.
• Analyzing information on economic developments and trends.
• Reviewing federal government policies and programs to ensure they continue to
promote sound economic policy.
• Recommending economic policies that will benefit American workers.
Council of Economic Advisers
(CEA) Chair Cecilia Rouse
Predicts Soft Landing
“ First, consumer price data showed headline inflation was 0.0% last month. This
moderation compared to the month before was driven by declining gas prices,
We are and lower prices for clothes, air fares, electronics, used cars, and more.
continuing
to see Second, new data today shows declining prices that producers pay to make the
encouraging goods and services that consumers and businesses buy, such as gasoline, jet fuel,
economic iron and steel.
developments,
including And third, the average national price for a gallon of gasoline fell below $4 today.
strong job This is providing much needed breathing room for families across the country.
growth and
lower energy While the news from this week is encouraging, we have more work to do to bring
prices. inflation down, without giving up the substantial economic and labor market gains
of the past year. Congress should pass the Inflation Reduction Act as soon as
” possible, which will help our economy address some of its most important near-
term and long-term challenges.
15 AMCHAM SOUTH CHINA
• About the Author
Dr. Cecilia Rouse is the chairperson of the Council of Economic Advisers (CEA). She
is a prominent labor economist with expertise in the economics of education and
equality and issues related to long-term unemployment. Her academic research
and writings have focused on education, discrimination in the workforce, and
various financial challenges facing individuals and families. The Senate confirmed
Dr. Rouse on March 2, 2021, making Rouse the first Black chairperson in the history
of CEA, which was formed in 1946.
• About CEA
Established by Congress in 1946, the Council of Economic Advisers is charged with
advising the President on economic policy based on data, research, and evidence.
The CEA is composed of three members, including a Chair who is appointed by the
President with the advice and consent of the Senate, who analyze and interpret
economic developments and formulate and recommend economic policies that
advance the interests of the American people. Under President Biden, Cecilia Elena
Rouse serves as Chair of the CEA, and Jared Bernstein and Heather Boushey serve
as members. Together, they are helping steer America’s economic recovery and
ensure that our nation builds back better.
Some of the tasks of the CEA include:
• Assisting the President in preparing the Economic Report, an annual report written
by the CEA Chair that provides an overview of the nation’s economic progress.
• Analyzing information on economic developments and trends.
• Reviewing federal government policies and programs to ensure they continue to
promote sound economic policy.
• Recommending economic policies that will benefit American workers.
