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National Economic Council

Acronym
NEC
Entity Type
Government Agency
Link
Website
Location
Washington DC
Founding Date
1/25/1993
Parent Entity
The White House

The National Economic Council was established to advise the President on the United States regarding global economic policy. It is comprised of numerous department and agency heads within the administration, whose policy jurisdictions impact the nation's economy. The NEC Director is supported by a staff of policy specialists in various fields, including agriculture, commerce, energy, financial markets, fiscal policy, healthcare, labor, and Social Security.

FOUR PRINCIPAL FUNCTIONS:

  1. To coordinate policy-making for domestic and international economic issues.
  2. To coordinate economic policy advice for the President.
  3. To ensure that policy decisions and programs are consistent with the President's economic goals.
  4. To monitor the implementation of the President's economic policy agenda.

Warnings and Disclaimers

The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated an there is no obligation to update any such information.

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