Trump names ex-Treasury adviser Stephen Miran to lead Council of Economic Advisers

President-elect Donald Trump announced Sunday that he has chosen former Treasury adviser Stephen Miran to serve as the chair of his Council of Economic Advisers.

“I am pleased to announce that I will nominate Stephen Miran to the Chairman of my Council of Economic Advisers. Steve will work with the rest of my Economic Team to deliver a Great Economic Boom that lifts up all Americans,” Mr. Trump posted on Truth Social.

“Steve was a Senior Advisor for Economic Policy at the Treasury Department during my First Term and received his Ph.D. in Economics from Harvard University,” he posted. “Congratulations Steve!”

Mr. Miran is currently an economics fellow at the Manhattan Institute and a senior strategist at Hudson Bay Capital Management LP. He said he was “honored” to receive the position Sunday.

“I am beyond honored that President Trump has chosen me to lead his Council of Economic Advisers,” Mr. Miran posted on X. “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!”

Earlier this year he co-wrote a paper that said the Treasury Department manipulated debt markets to make the economy look good ahead of the November election. The department has denied the allegation.

He also was openly critical of Federal Reserve Chairman Jerome Powell, calling him “wrong politically and economically when he urged Congress to ‘go big’ on fiscal stimulus in October of 2020, on the eve of a Presidential election, suggesting that voters favor Democrats’ $3 trillion proposals over Republicans’ $500 billion.”

“We know what happened next,” Mr. Miran said.

If confirmed, he would replace current council Chairman Jared Bernstein.

Last month, Mr. Trump announced Kevin Hasset, a key economic adviser from his first term, to chair the National Economic Council.

The chair of the Council of Economic Advisers advises the president on economic policy. Mr. Trump has already noted several economic plans he intends to implement, including cutting taxes on tips, overtime and Social Security, among others.

He has also promised to impose tariffs on items from Canada, Mexico and China to stop the influx of drugs and illegal immigrants, saying it will be beneficial to the American economy.

Mr. Trump has called tariffs a “very powerful tool, not only economically, but also for getting other things outside of economics,” if used properly.