Administration of Joseph R. Biden, Jr., 2023

March 31, 2023

The U.S. economy has been tested in the past 2 years, creating challenges unlike any since the Great Depression. As Chair of the Council of Economic Advisers, Cecilia Rouse has been at the forefront navigating this unprecedented economic moment. No matter the challenge, Cecilia provided insightful analysis, assessed problems in a new way, and insisted that we examine the accumulation of evidence in drawing conclusions. And she's maintained steadfast calmness through it all.

Today's economy looks very different than when Cecilia joined my administration: We've created over 12 million jobs, unemployment is near a 50-year low, American manufacturing is booming, and over 10 million new small businesses have been created.

Cecilia shares my economic vision and has always understood that my north star was not just getting us back to a prepandemic economy, but building one that is more resilient, fair, inclusive, and honors everyday workers across the country.

I want to thank Nidal and Safa for sharing their mom with us. We will miss Cecilia greatly, but I know that she will continue this important work back at Princeton and in the years to come.

NOTE: The statement referred to Nidal and Safa Morrison, children of Chair Rouse.

Categories: Resignations and Retirements : Council of Economic Advisers Chair, resignation, statement.

Names: Morrison, Nidal; Morrison, Safa; Rouse, Cecilia E.

Subjects: Council of Economic Advisers; Economic improvement; Job creation and growth; Manufacturing industry, domestic investment; Unemployment rate.

DCPD Number: DCPD202300255.

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