Stephen Miran served as a Treasury adviser during Trump’s first term
Donald Trump has tapped Stephen Miran, an economist who served during his first term, to chair his Council of Economic Advisers. With the nomination, the president-elect is seeking to elevate to a White House economic post not only a critic of Federal Reserve chair Jay Powell but one who has accused the Biden administration of manipulating the economy and “usurping” the central bank’s role.
Earlier this year, Miran co-wrote a paper accusing Biden’s Treasury department of manipulating the economy during the election, arguing the government’s dependence on short-term debt amounted to “stealth quantitative easing” and impedes the Fed’s ability to fight inflation.
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