Trump names Biden admin critic Miran head of Council of Economic Advisers

Stephen Miran, a former Trump administration economist, has been appointed as chairman of the Council of Economic Advisers. Miran co-authored a paper alleging the Biden administration manipulated the economy before the election. Trump announced the appointment on Truth Social, promising economic growth under Miran's leadership. The three-member CEA advises the president on economic policy and requires Senate confirmation for its chair. Miran previously served as a senior advisor at the Treasury Department. He and Nouriel Roubini accused the Biden administration of manipulating debt markets, a claim the Treasury denied. Miran also criticized Federal Reserve Chairman Jerome Powell's 2020 stimulus recommendation. Miran expressed his enthusiasm for implementing Trump's economic policies. His appointment is significant due to his past criticisms of both the Biden and current administrations' economic policies.