Stephen Miran
Stephen Miran | |
|---|---|
| 32nd Chair of the Council of Economic Advisers | |
| Assumed office March 13, 2025 | |
| President | Donald Trump |
| Preceded by | Jared Bernstein |
| Personal details | |
| Education | Boston University (BA) Harvard University (MA, PhD) |
Stephen Ira Miran is an American economist and current chair of the Council of Economic Advisers since March 2025. He is a senior strategist at Hudson Bay Capital Management, a co-founder of the asset management firm Amberwave Partners, and an adjunct fellow at the Manhattan Institute.[1] In December 2024, president-elect Donald Trump named Miran as his nominee for chairman of the Council of Economic Advisers. He was confirmed for the office on March 12, 2025 in a 53-46 vote by the U.S. Senate.[2]
Early life and education
[edit]Miran graduated from Boston University in 2005, where he studied economics, philosophy, and mathematics. He received a PhD in economics from Harvard University in 2010, where he was a student of Martin Feldstein.[3]
Career
[edit]Treasury senior advisor
[edit]Miran served as an advisor of economic policy for the Department of the Treasury from 2020 to 2021, during Steven Mnuchin's tenure as secretary of the Treasury.[4]
Private firms
[edit]Miran is a senior strategist at Hudson Bay Capital Management.[3]
Chair of the Council of Economic Advisers
[edit]On December 22, 2024, president-elect Donald Trump named Miran as his nominee for chairman of the Council of Economic Advisers. He was confirmed by the Senate for the office on March 12, 2025.[5] He was confirmed in a 53-46 vote. All 53 republicans voted to confirm him, while all 46 democrats and independents voted against him. Senator Tammy Duckworth (D-IL) did not vote.[6]
Economic views
[edit]Miran was critical of Federal Reserve chair Jerome Powell's recommendation of a major stimulus package in 2020.[7]
In July 2024, Dr. Miran co-authored a paper with Iranian-American economist Nouriel Roubini accusing the Department of the Treasury of reducing the share of long-term notes and bonds, lowering yields and prolonging inflation.[8]
In November 2024, Dr. Miran published A User's Guide to Restructuring the Global Trading System,[9] examining tools for reshaping international trade following President Trump's reelection. The paper analyzes tariffs and currency strategies in the context of dollar overvaluation, presenting potential market consequences.
References
[edit]- ^ Miran, Stephen; Katz, Dan (May 26, 2023). "Don't break the Treasury market while trying to save it". Financial Times. Retrieved December 22, 2024.
- ^ https://www.congress.gov/nomination/119th-congress/19
- ^ a b Friedman, Lisa (December 22, 2024). "Trump Picks a Former Treasury Official as His Top Economist". The New York Times. Retrieved December 22, 2024.
- ^ Barbuscia, Davide (July 26, 2024). "Hedge fund study on U.S. Treasury issuance fuels debate". Reuters. Retrieved December 22, 2024.
- ^ "Trump taps ex-Treasury official Miran as chair of Council of Economic Advisers". Reuters. December 22, 2024. Retrieved December 22, 2024.
- ^ "U.S. Senate: U.S. Senate Roll Call Votes 119th Congress - 1st Session". www.senate.gov. Retrieved 2025-03-17.
- ^ Berkowitz, Ben (December 22, 2024). "Trump names Miran head of Council of Economic Advisers". Axios. Retrieved December 22, 2024.
- ^ Levin, Jonathan (August 1, 2024). "Roubini Confuses Yellen's Pragmatism for Treasury Activism (Opinion)". Bloomberg News. Retrieved December 22, 2024.
- ^ Miran, Stephen. "A User's Guide to Restructuring the Global Trading System" (PDF). Hudson Bay Capital. Retrieved 16 March 2025.
External links
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* indicates acting officeholders | ||
