President-elect Donald Trump has announced his intention to nominate Stephen Miran as the chair of the Council of Economic Advisers (CEA). Miran previously served as a senior advisor for economic policy at the U.S. Department of the Treasury during the final year of Trump’s first administration, where he played a role in formulating fiscal responses to the pandemic-induced recession.
Source:- bbc news
Academically, Miran holds a Ph.D. in Economics from Harvard University, where he studied under renowned economist Martin Feldstein, and a B.A. from Boston University, with a focus on economics, philosophy, and mathematics. His scholarly work on fiscal policy has been published in the American Economic Journal, and he has contributed opinion pieces to publications such as The Wall Street Journal and Bloomberg.
Source:- news 18
In the private sector, Miran co-founded Amberwave Partners, an asset management firm, and has served as a senior strategist at Hudson Bay Capital Management. His experience bridges economic policy and investment strategy, providing him with a comprehensive perspective on the interplay between government policy and financial markets.
Miran has been involved in discussions regarding U.S. Treasury issuance strategies. Earlier this year, he co-authored a study suggesting that the Treasury’s moderation of long-dated bond sales effectively provided economic stimulus, a claim the Treasury Department denied as a deliberate strategy.
His views on trade policy indicate a belief that concerns over potential tariffs may be overstated. He has argued that fears regarding trade tariffs proposed by Trump are exaggerated, despite warnings from experts that such duties could increase consumer prices.
As chair of the CEA, Miran is expected to play a pivotal role in shaping economic policy, providing analysis and advice to the president on both domestic and international economic matters. His blend of academic expertise, government service, and private sector experience positions him to influence the administration’s economic agenda significantly.
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