Trump picks Stephen Miran to head Council of Economic Advisers

Skylar Woodhouse, Bloomberg News on Dec 22, 2024

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President-elect Donald Trump is nominating Stephen Miran to lead his Council of Economic Advisers, enlisting a former Treasury official who served in Washington during his first administration.

“Steve will work with the rest of my economic team to deliver a great economic boom that lifts up all Americans,” Trump said in a statement Sunday on his Truth Social platform.

As the top White House economist, Miran will advise the incoming president on economic policy and be a prominent face for selling those decisions to the public. Miran, whose post requires Senate confirmation, was a senior economic policy adviser at the Treasury Department during Trump’s first term.

Trump has vowed to renew expiring tax cuts and expand or offer new breaks or credits, in part to ease high prices faced by U.S. households. He has threatened sweeping tariffs on foreign trading partners, arguing it will spur companies to return manufacturing to the U.S.

The president-elect has dismissed criticism from most economists that his agenda, including promises to deport millions of undocumented immigrants, risks raising prices for consumers and expanding the U.S. national debt.

Economic concerns and inflation consistently ranked as top concerns for voters ahead of the Nov. 5 election in which Trump won a second term and Republicans gained control of both chamber of Congress.

During Trump’s first term, the chairman post was filled by Kevin Hassett, followed by Tomas Philipson and Tyler Goodspeed — both of whom served in an acting capacity. Hassett was a regular presence on television, defending the then-president’s economic approach.

Trump picked Hassett in November to head his second-term National Economic Council,

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