The official account of the White House Council of Economic Advisers. Led by Chairman Christopher Phelan.
Washington, DC
Joined March 2025
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Council of Economic Advisers retweeted
He delighted in challenging colleagues at the U. Now he’s Trump’s top economist. @CEA47 startribune.com/he-delighted…
Council of Economic Advisers retweeted
.@POTUS: "@CEA47 estimates that the Most Favored Nation deals that we're extending to states today will save Medicaid over $64 billion... Every state will now have the ability to use those extra billions of dollars to invest in other healthcare improvements."
.@POTUS: "Thank you all for being here today as we take historic action to officially extend the benefits of our Most Favored Nation agreements on prescription drug prices to state Medicaid programs all across the nation."
Council of Economic Advisers retweeted
It’s live now: whitehouse.gov/research/2026…
Council of Economic Advisers retweeted
News: The White House is going all out to convince Senate Republicans to advance landmark crypto legislation today over banks’ concerns.
Officials plan to launch an interactive tool that allows users “to set the parameters, run the scenarios, and see for themselves” why CEA previously concluded “there is no meaningful relationship between stablecoin growth and community bank deposit flight,” I’m told.
The new website will also include an FAQ on its earlier report and responses to banks’ critiques.
“The data simply does not support the deposit flight narrative that DC bank lobbyists are pushing,” @patrickjwitt said.
That and much more on where the bill stands ahead of this afternoon, with @burgessev and @nicholaswu12: semafor.com/article/09/15/20…
Council of Economic Advisers retweeted
.@CEA47 Chair Christopher Phelan: "Inflation is coming down. [The Fed] didn't choose to raise rates three months ago when inflation was higher; it doesn't make sense to raise rates now."
Council of Economic Advisers retweeted
FACT: President Trump is the first President to actually LOWER prescription drug prices.
Council of Economic Advisers retweeted
"If you look at some of the things that came in below the average, which basically means their price fell, they're attributable to specific Trump Administration policies," says @CEA47 Chair Chris Phelan on the July CPI report.
"Beef prices fell. @POTUS put out an Executive Order in February specifically to address beef prices."
Our sincere condolences are with the family of Dr. Alan Greenspan, the 10th Chairman of the Council of Economic Advisers.
🚨Tax Day Stats🚨
Americans are benefitting from the largest tax refunds in history, thanks in large part to President Trump's signature policies in the Working Families Tax Cuts.
These new and enhanced provisions include No Taxes on Tips, No Taxes on Overtime, No Taxes on Social Security, No Tax on Car Loan Interest, an Enhanced Child Tax Credit, and an increase in the standard deduction.
Demand for capital goods (inputs for future production) has also surged. Now at its highest share of goods imports on record. More capital goods today means more production tomorrow.
Read more from CEA about the benefits of President Trump's Working Families Tax Cuts here: whitehouse.gov/fact-sheets/2…
CEA today released the 2026 Economic Report of the President, now available here: whitehouse.gov/cea/2026-erp/
Some results and highlights from this year’s Report:
The U.S. is short over 10 million homes, as red tape, fees, and mandates add 42% on average to the cost of homebuilding.
The importance of work extends beyond income; it decreases rates of mortality, depression, and loneliness.
Policies promoting American energy dominance will support growth while lowering energy costs, boosting consumer welfare, and enhancing national security.
Increasing competition and removing distortions in healthcare will deliver better quality, cheaper, and faster care for Americans.
DEI hiring practices that weight demographic factors more heavily than job-relevant qualifications reduced annual GDP by $94 billion annually by 2023.
The 2026 Report discusses the impacts of the OBBBA, deregulation, America First trade policy, energy abundance, AI proliferation, housing affordability, supply chains and the defense industrial base, work’s role in human flourishing, DEI hiring, the myth of healthcare exceptionalism, retail access to private equity, and ESG investing.