On August 8, the U.S. President Trump announced: "I have chosen the current Chairman of the Economic Advisory Council, Stephen Miran, to fill the recently vacant seat on the Federal Reserve Board, with a term until January 31, 2026. At the same time, we will continue to seek a long-term replacement for the Federal Reserve position. Stephen holds a Ph.D. in Economics from Harvard University and performed excellently in my first administration. He has been with me since the beginning of my second term, and his expertise in economics is unparalleled - he will do an outstanding job. Congratulations, Stephen."
Stephen Ira Miran is an American economist, currently serving as the Chairman of the White House Economic Advisory Council (since March 2025). He graduated from Boston University in 2005, majoring in economics, philosophy, and mathematics, and obtained a Ph.D. in Economics from Harvard University in 2010, under the guidance of Martin Feldstein. Miran served as a senior economic policy advisor at the U.S. Treasury Department from 2020 to 2021, participating in fiscal support efforts during the pandemic, such as the Paycheck Protection Program in the CARES Act. He is currently a senior strategist at Hudson Bay Capital Management, co-founder of asset management firm Amberwave Partners, and an adjunct researcher at the Manhattan Institute. Miran supports Trump's economic protectionist policies, advocating for using tariffs to reduce trade deficits and revalue the U.S. dollar against other currencies.
