Stephen Miran Appointed to Federal Reserve Board by Trump

According to BlockBeats, U.S. President Donald Trump has appointed Stephen Miran, the current Chairman of the White House Council of Economic Advisers, to the newly vacant seat on the Federal Reserve Board, with a term ending on January 31, 2026. Trump praised Miran's exceptional performance during his first administration and highlighted his unparalleled expertise in economics. Stephen Ira Miran is an American economist who has been serving as the Chairman of the White House Council of Economic Advisers since March 2025. He graduated from Boston University in 2005, majoring in economics, philosophy, and mathematics, and earned a Ph.D. in economics from Harvard University in 2010 under the mentorship of Martin Feldstein. Miran previously served as a senior advisor for economic policy at the U.S. Treasury from 2020 to 2021, where he was involved in fiscal support initiatives during the pandemic, such as the Paycheck Protection Program under the CARES Act. Currently, Miran is a senior strategist at Hudson Bay Capital Management and a co-founder of the asset management firm Amberwave Partners. He also holds a position as a part-time fellow at the Manhattan Institute. Miran is known for supporting Trump's economic protectionist policies, advocating for the use of tariffs to reduce trade deficits and revalue the dollar against other currencies. During his tenure as Chairman of the White House Council of Economic Advisers, Miran has been a proponent of the Trump administration's favorable stance on cryptocurrencies. He believes that cryptocurrencies have the potential to stimulate economic growth, drive financial innovation, and combat inflation, particularly within the context of Trump's economic agenda.