Stephen Miran

Stephen Miran
Chair of the Council of Economic Advisers
Presumptive nominee
Assuming office
TBD
PresidentDonald Trump (elect)
SucceedingJared Bernstein
Personal details
EducationBoston 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

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

Treasury senior advisor

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

Miran is a senior strategist at Hudson Bay Capital Management.[2]

Chair of the Council of Economic Advisers

On December 22, 2024, president-elect Donald Trump named Miran as his nominee for chairman of the Council of Economic Advisers.[4]

Economic views

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

  1. ^ Miran, Stephen; Katz, Dan (May 26, 2023). "Don't break the Treasury market while trying to save it". Financial Times. Retrieved December 22, 2024.
  2. ^ 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.
  3. ^ Barbuscia, Davide (July 26, 2024). "Hedge fund study on U.S. Treasury issuance fuels debate". Reuters. Retrieved December 22, 2024.
  4. ^ "Trump taps ex-Treasury official Miran as chair of Council of Economic Advisers". Reuters. December 22, 2024. Retrieved December 22, 2024.
  5. ^ Berkowitz, Ben (December 22, 2024). "Trump names Miran head of Council of Economic Advisers". Axios. Retrieved December 22, 2024.
  6. ^ Levin, Jonathan (August 1, 2024). "Roubini Confuses Yellen's Pragmatism for Treasury Activism". Bloomberg News. Retrieved December 22, 2024.