Macro Musings with David Beckworth · Monday, September 7, 2026
Stephen Miran described his role as CEA chair as providing economic analysis and advice to the president and administration. He noted the wide variety of subjects covered, from tax policy to regulations. Miran contrasted the CEA's advisory function with the National Economic Council's (NEC) implementation and coordination role.
“The role of CEA chair is, it's in the name. It's the Council of Economic Advisers, right? And so you're providing economic analysis and economic advice to the president, to other members of the administration, to different parts of the government on a regular basis.”
“And so NEC's job is really about getting things in place. And so once a policy is decided, NEC's job is to coordinate the interagency process of implementing a policy.”
“And so NEC is a hands-on implementation job, CEA is a big-picture policy advisory job.”