The Council of Economic Advisers (CEA) is a group of economists who advise the President of the United States on economic policy. Established in 1946, the CEA provides analysis and recommendations on various economic issues, helping to shape policies that promote economic growth and stability. The CEA also prepares the annual Economic Report of the President, which outlines the current economic situation and forecasts future trends. This report is an important tool for informing Congress and the public about the state of the economy and the administration's economic agenda.