Stephen Friedman Biography

The NEC was founded in 1993 as part of the Office of Policy Development and is now part of the President's Executive Office. It was established to advise the President on subjects pertaining to US and worldwide economic policy. The NEC has four primary functions, as defined by Executive Order: to coordinate policy-making for domestic and international economic issues, to coordinate economic policy advice for the President, to ensure that policy decisions and programs are consistent with the President's economic goals, and to monitor implementation of the President's economic policy agenda. The NEC's jurisdiction includes policy issues impacting many sectors of the nation's economy as well as the overall strength of the US and global economies. As a result, the NEC's membership includes several administrative department and agency chiefs whose policy responsibilities affect the nation's economy. Director Friedman collaborates with these authorities to coordinate and carry out the President's economic policy goals. In his function as President Bush's adviser, he is also assisted by a staff of policy professionals whose knowledge corresponds to the council's specialized areas of decision-making. There are two Deputy Assistants to the President on this staff, whose responsibilities are divided between domestic and foreign economic concerns, with the latter also reporting to the National Security Adviser. In addition, the NEC staff includes many Special Assistants to the President who report to the Director on economic policy areas such as agriculture, trade, energy, financial markets, fiscal policy, healthcare, labor, and Social Security. A number of Special Assistants to the President who report directly to the National Security Adviser assist and coordinate with the NEC Director as well.

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