On December 23, 2024, President-elect Donald Trump announced on Sunday, December 22, that he will nominate Stephen Miran, who served as a Treasury Department advisor during his first term, to chair the White House Council of Economic Advisers in his new administration.
In a statement posted on his social media platform, Truth Social, Trump expressed his enthusiasm, “I am pleased to announce that I will nominate Stephen Miran as the Chairman of my Council of Economic Advisers.”
“Steve will work with other members of my economic team to achieve great economic prosperity that benefits all Americans,” Trump added.
The Council of Economic Advisers is comprised of three members, including the chair, responsible for providing advice to the President on economic policy. The council’s duties include assisting in the preparation of annual reports, outlining the national economy, reviewing federal economic policies and plans, and presenting economic policy recommendations.
Miran previously served as a senior economic policy adviser at the Treasury Department during Trump’s first presidential term and currently works as a researcher at the conservative think tank, Manhattan Institute for Policy Research in New York. He is also a senior strategist at the global investment firm Hudson Bay Capital Management LP. Miran holds a Ph.D. in Economics from Harvard University.
Shortly after Trump’s statement, Miran responded, expressing his honor at being chosen for the position.
In a post on social media, Miran stated, “I am very honored that President Trump has selected me to lead his Council of Economic Advisers. I look forward to working hard to help implement the President’s policy agenda, creating a prosperous, inflation-free economy for all Americans.”
The position of Chairman of the Council of Economic Advisers at the White House requires confirmation by the Senate.