President Donald Trump has made no secret of his distaste for economists.
The White House Council of Economic Advisers is being demoted by the Trump administration, which said in a statement Wednesday that the president’s cabinet won’t include the chairman of the CEA, an official that President Donald Trump also has yet to name.
The diminished stature for the CEA, which was part of President Barack Obama’s cabinet and has advised presidents for over seven decades on the economic impact of their policies, means Trump will likely rely more heavily on other advisers, such as Gary Cohn, the former Goldman Sachs president who is head of the National Economic Council, and Peter Navarro, the trade critic who is leading the National Trade Council.
“They’ve named other economic positions and created new positions while not naming the chair or any of the other members of the CEA—that’s clearly a signal” that the administration doesn’t value the sort of academic advice that the three-member CEA provides, said Austan Goolsbee, a University of Chicago professor who served as the council’s chairman under Obama.
Trump has made no secret of his distaste for economists. The economic advisory council announced during his presidential campaign included only one Ph.D. economist, Navarro, who has views that are considered unorthodox in the profession. A Wall Street Journal survey of every former living member of the CEA for both Republican and Democratic administrations found that not one member publicly supported Trump’s campaign.
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