Trump chooses Miran to lead economic policy council
- Stephen Miran has been appointed to lead the Council of Economic Advisers, a significant role in advising the president on economic strategies.
- Miran previously served in the Treasury Department during Trump's first term and has been vocal against the current administration's economic policies.
- His appointment reflects a continuation of Trump's focus on tariffs and economic strategies intended to foster a booming economy.
In the United States, President-elect Donald J. Trump announced the decision to appoint Stephen Miran as the chair of his Council of Economic Advisers on December 22, 2024. Miran, who previously served as a senior adviser for economic policy during Trump's first term and has been associated with Hudson Bay Capital Management as a senior strategist, is tasked with advising the president on both domestic and international economic policies. This council plays a crucial role in preparing an annual report analyzing the economy and providing recommendations on economic policies. Miran's appointment follows a series of criticisms he has made against the Biden administration, particularly regarding market manipulation allegations against Janet Yellen, the current Treasury Secretary, which were detailed in a paper he co-authored with economist Nouriel Roubini. They claimed that Yellen had manipulated markets to stimulate the economy ahead of the elections, an assertion that she vehemently rejected, asserting there was no strategy of that nature in place. In conjunction with this role, Miran has made political contributions to Trump's committees and expressed strong support for Trump's aggressive tariffs against foreign nations such as China, Canada, and the European Union. His economic stance aligns with the former president's vision for a booming economy that benefits all Americans, while also criticizing previous stimulus strategies advocated during the pandemic. With a background that includes a doctorate in economics from Harvard and experience at prominent economic think tanks, Miran's leadership in this advisory capacity raises questions about the future direction of U.S. economic policy under Trump, especially in light of the contentious environment surrounding fiscal strategy and market integrity. The appointment and his views on trade, economic stimulus, and policy opposition align with Trump's broader agenda, which has remained focused on restructuring trade practices and enhancing domestic economic performance.