A plan to set up a new Council of Economic Advisers was sent to Congress last week by the President. The work of scholarly Economics Professor Arthur F. Burns, who will head the new council, the plan will re-establish CEA as the President's top economic advisory group. Like the old CEA, first set up under Harry Truman's Administration, the new three-man board will keep an eye on U.S. economic changes, advise the President on what to do about them, help him prepare his economic reports to the nation. But there the comparison ends.
The chairman of Eisenhower's council will outrank the...
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