December 23, 2024 12:29 GMT
US: Trump Taps Miran As Top Economic Advisor
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US President-elect Trump has announced another round of executive nominations, including Stephen Miran to chair the Council of Economic Advisers – a three-member panel that advises the president on economic policy.
- Trump wrote on Truth Social: "Steve will work with the rest of my Economic Team to deliver a Great Economic Boom that lifts up all Americans".
- Bloomberg notes: “Miran, a fellow at the New York-based Manhattan Institute, co-authored a paper with economist Nouriel Roubini in July that alleged the Treasury Department had manipulated the issuance of US securities in a way that lowers real borrowing costs across the economy,” an allegation rejected by Treasury Secretary Janet Yellen.
- Axios notes, “Miran has been critical of Fed chairman Jerome Powell as well, saying he was "wrong politically and economically" to recommend a major stimulus package in late 2020.”
- Semafor notes, “Miran has endorsed Trump’s early tariff threats as a negotiating tactic and pushed back on predictions they would cause inflation.”
- Miran said in a statement on X he looks forward “to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans.”
- Miran's appointment will require confirmation from the Senate.
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