Stephen Miran
Stephen Miran | |
|---|---|
| Chair of the Council of Economic Advisers | |
Presumptive nominee | |
| Assuming office TBD | |
| President | Donald Trump (elect) |
| Succeeding | Jared Bernstein |
| Personal details | |
| Education | Boston University (BA) Harvard University (AM, PhD) |
Stephen Ira Miran is an American economist. 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.
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.[2]
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.[3]
Private firms
[edit]Miran is a senior strategist at Hudson Bay Capital Management.[2]
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.[4]
Economic views
[edit]Miran was critical of Federal Reserve chair Jerome Powell's recommendation of a major stimulus package in 2020.[5]
In July 2024, 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.[6]
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.
- ^ 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.
- ^ 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". Bloomberg News. Retrieved December 22, 2024.
