Trump's Bold Pick: Economist Stephen Miran To Steer U.S Economic Vision
- Miran’s appointment signals Trump’s crypto-focused economic strategy.
- Former Treasury official Miran criticizes the Federal Reserve’s independence.
- Miran’s role highlights Trump’s emphasis on innovation and growth.
Stephen Miran, a seasoned economist and vocal proponent of Bitcoin, has been chosen to lead Trump’s Council of Economic Advisers. His role will focus on reshaping U.S. economic policy with an emphasis on cryptocurrency and market-driven solutions.
Trump Appoints Miran to Advise on Economic and Crypto Policies
President-elect Donald Trump has appointed Stephen Miran as the new chair of the Council of Economic Advisers. Miran’s appointment indicates a shift towards a more crypto-friendly economic policy under the incoming Trump’s administration.
Miran, who holds a doctorate in economics from Harvard, has extensive experience in economic policy. He is currently an economics fellow at the Manhattan Institute and a senior strategist at Hudson Bay Capital Management.
Miran, a pro-bitcoin advocate, will provide guidance on crucial economic strategies. Miran is expected to boost policies that are focused on areas such as digital currencies and economic growth. His expertise in both traditional and new financial markets will likely influence Trump’s broader economic vision.
Miran is Federal Reserve Critic and Former Treasury Official
Miran is known for his critical stance on the Federal Reserve, its policies and its independent role in the U.S. economy. He has advocated for structural and political changes in the Federal Reserve. Miran argues that Fed board members should be accountable to the president and their term limits should be reduced.
Miran has also been a vocal critic of the Biden administration’s economic policies, especially its approach to inflation. Miran warned that the bipartisan infrastructure bill would increase inflation, which he maintained throughout his career as an economist despite criticism.
Before his appointment, Miran served as a senior adviser for economic policy in the U.S. Treasury during Trump’s first term. His background in government and economics provides a strong foundation for his advisory position on Trump’s economic team.
Miran’s Appointment Reflects Trump’s Focus on Innovation and Growth
Trump’s decision to appoint Miran underscores the president-elect’s commitment to enable innovation, especially in cryptocurrency. Miran’s pro-bitcoin views align with Trump’s economic strategy, which seeks to reduce inflation as well as support new technologies.
Trump has made other pro-crypto appointments such as Paul Atkins at the SEC and ‘Crypto Czar’ David Sacks and Elon Musk’s appointment to the Department of Government Efficiency(D.O.G.E) and Bo Hines to the crypto council. These appointments will enable Trump to establish a favourable regulatory environment that promotes national economic growth and supports emerging markets.
Miran will succeed Jared Bernstein, who served as the chair of the Council of Economic Advisers under President Joe Biden. If confirmed, Miran’s leadership will mark a shift in economic policy, focusing on market-driven solutions and fiscal discipline. The new economic direction aims to create a sustainable economy that benefits all Americans.
