President-elect Donald Trump has nominated Stephen Miran to chair the Council of Economic Advisors. During Trump’s first administration, Miran served as a senior economic policy advisor at the Treasury Department, and the incoming government expects him to play a key role in formulating its economic strategy.
Miran, a Harvard-educated economist, is well-known for promoting pro-innovation policies and emphasizing deregulation as a driver of economic growth. He has been vocal about the importance of emerging technologies, such as cryptocurrencies, in promoting economic growth.
I am beyond honored that President Trump has chosen me to lead his Council of Economic Advisers. I look forward to working to help implement the President's policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans! pic.twitter.com/CROmzuk61v
— Stephen Miran (@SteveMiran) December 22, 2024
This nomination is consistent with Trump’s overall practice of choosing pro-innovation persons for critical posts. Miran’s economic policy proposals include restructuring the Federal Reserve to increase political accountability and reducing regulatory frameworks to improve economic performance.
According to market analysts, this nomination is part of a bigger strategy targeted at boosting the economy’s recovery. We anticipate that Miran’s leadership will promote policies that foster innovation and growth, potentially laying the groundwork for significant progress in various sectors.
As Miran prepares to take on this significant job, his leadership will be widely scrutinized for its impact on both internal and global economic dynamics, which will signify the next administration’s priorities.
