President-elect Donald Trump has nominated Stephen Miran, a former Treasury official, to head the Council of Economic Advisers. With this appointment, Trump is bringing experienced leadership back to Washington, aiming to shape effective economic policy.
Trump expressed his confidence on Truth Social, stating, “Steve will work with my Economic Team to deliver a Great Economic Boom that lifts up all Americans.”
Miran Criticizes Biden Administration’s Economic Approach
Miran has openly criticized the Biden administration, particularly Federal Reserve Chair Jerome Powell. He argued that Powell’s call for aggressive fiscal and monetary stimulus in October 2020, just before the election, was misguided. This push sought to boost the economy during the pandemic.
Leading the Economic Agenda for a Booming Economy
The White House Council of Economic Advisers consists of three members who guide the president on economic matters. Miran will take on a central role, advising Trump and advocating for key policy decisions. Additionally, his work will help shape broader economic goals, promoting long-term prosperity.
Currently serving as a senior strategist at Hudson Bay Capital Management, Miran expressed his gratitude for the nomination. “I look forward to helping implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans!” he shared on X.
Senate Confirmation and Recent Economic Appointments
Miran’s appointment will require Senate confirmation. Additionally, Trump has made other key nominations, including selecting Kevin Hassett as chair of the National Economic Council. He also proposed Paul Atkins to replace Gary Gensler as SEC Chair.
Miran’s Views on Crypto’s Role in Economic Growth
Miran has garnered support from the crypto community, including figures like Michael Saylor, executive chairman of MicroStrategy. In a recent interview with The Bitcoin Layer, Miran criticized the current financial regulatory system, labeling it overly restrictive and a hindrance to financial institutions.
Moreover, he highlighted the importance of innovation in economic growth, emphasizing that cryptocurrency will play a crucial role. “I think crypto will help drive innovation and lead to a Trump administration economic boom,” Miran stated during the interview.
On Sunday, he reiterated his commitment to Trump’s economic vision. He posted on X, “I look forward to helping implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans.”
The post Trump Taps Pro-Crypto Economist Stephen Miran to Lead Council of Economic Advisers appeared first on Cryptonews.
