Council on Foreign Economic Policy: Difference between revisions

{{Organization  

|OrganizationName= Council on Foreign Economic Policy

|OrganizationType= Boards, Commissions, and Committees

|Mission= The Council on Foreign Economic Policy was established to coordinate and develop U.S. foreign economic policy, ensuring consistency between domestic and international economic strategies. Its mission was to provide a high-level focus on international economic issues under presidential guidance.

|OrganizationExecutive= Special Assistant to the President

|Employees=  

|Budget=

|Website=  

|Services= Policy Coordination; Economic Analysis; Policy Recommendations

'''Council on Foreign Economic Policy (CFEP)''' was a high-level U.S. government body created by President Dwight D. Eisenhower in 1954 to coordinate the nation's foreign economic policy. The CFEP was responsible for ensuring that U.S. economic policy abroad was aligned with national interests, involving analysis, policy formulation, and coordination among various government departments.

The mission of the Council on Foreign Economic Policy was to coordinate the development of U.S. foreign economic policy through a high-level interdepartmental effort. It aimed to achieve consistency between domestic and foreign economic policies, provide a comprehensive approach to international economic issues, and serve as a clearinghouse for information and policy analysis<ref>{{cite web |url=https://en.wikipedia.org/wiki/Council_on_Foreign_Economic_Policy |title=Council on Foreign Economic Policy - Wikipedia |access-date=January 27, 2025}}</ref>.

The CFEP did not have a direct parent organization but was part of the executive branch under the oversight of the President of the United States.

The CFEP was established by **Executive Order 10583** by President Dwight D. Eisenhower on December 11, 1954<ref>{{cite web |url=https://en.wikipedia.org/wiki/Council_on_Foreign_Economic_Policy |title=Council on Foreign Economic Policy - Wikipedia |access-date=January 27, 2025}}</ref>.

 

- Various U.S. government departments and agencies, including the Departments of State, Treasury, Commerce, Agriculture, and others.

The council was chaired by a **Special Assistant to the President**, initially Joseph M. Dodge, followed by Clarence B. Randall.

- **Policy Coordination** for aligning departmental policies.

- **Economic Analysis** for studying trends and implications of foreign economic policies.

- **Policy Formulation and Coordination** across government agencies.

- **Handbook on Foreign Economic Policy** preparation for policy reference.

The CFEP provided services like policy coordination, economic analysis, and recommendations on international economic matters. It was instrumental in preparing comprehensive policy documents and ensuring inter-agency consensus on economic strategies<ref>{{cite web |url=https://en.wikipedia.org/wiki/Council_on_Foreign_Economic_Policy |title=Council on Foreign Economic Policy - Wikipedia |access-date=January 27, 2025}}</ref>.

The Council on Foreign Economic Policy was formed in December 1954 under President Eisenhower to address the complexities of post-war economic internationalism. It functioned until the end of Eisenhower's administration, playing a key role in crafting U.S. economic policy towards Europe and other regions. Its activities included coordinating policies on trade, investment, and foreign aid, with significant work done under the leadership of Joseph M. Dodge and later Clarence B. Randall<ref>{{cite web |url=https://en.wikipedia.org/wiki/Council_on_Foreign_Economic_Policy |title=Council on Foreign Economic Policy - Wikipedia |access-date=January 27, 2025}}</ref>.

* [https://history.state.gov/historicaldocuments/frus1955-57v10/p293 Historic Documents - Office of the Historian]