Staff Reports
Another day, another stellar appointment from President-elect Donald Trump, as he brings in Stephen Miran, a former Treasury adviser, to chair his Council of Economic Advisers. Given Miran’s background and experience, there’s reason to believe the economic boom that many Americans have been waiting for might finally be on the horizon. With Trump promising to lift all boats, this choice could potentially be the lifeboat many have been desperately seeking in these choppy economic waters.
The new appointment was announced via Trump’s Truth Social, where he expressed his enthusiasm for Miran’s nomination. The former Treasury adviser, who demonstrated his economic prowess during Trump’s first term, has a Ph.D. from Harvard, so clearly, he comes with some serious credentials. This decision shows that Trump is dedicated to surrounding himself with sharp minds who can help direct the nation’s economic strategy. The wheels are in motion for what could be another round of unprecedented economic growth.
Trump names ex-Treasury adviser Stephen Miran to lead Council of Economic Advisershttps://t.co/cHzugMQpF3 pic.twitter.com/1sq7GbOZDp
— The Washington Times (@WashTimes) December 22, 2024
Miran’s current postings at the Manhattan Institute and Hudson Bay Capital Management LP highlight his extensive knowledge of economic issues. He has already established himself as a critical voice regarding fiscal policies of the past, calling out the Treasury Department for allegedly manipulating debt markets to create a false sense of economic stability prior to elections. That kind of honesty will be essential as he takes the reins to advise Trump on how to steer the nation toward true economic prosperity.
This new appointment comes on the heels of Trump’s announcement of another economic heavyweight, Kevin Hassett, to chair the National Economic Council. Clearly, Trump is stacking the deck with a team that understands that effective economic strategy isn’t just about throwing money at problems but requires thoughtful planning and real accountability. Miran’s criticisms of Federal Reserve Chairman Jerome Powell’s prior calls for massive stimulus reflect a growing realization that not all economic solutions are created equal.
Trump’s plans are ambitious—everything from cutting taxes on tips, overtime, and Social Security, to imposing tariffs on imports from Canada, Mexico, and China. That last point is especially noteworthy. Tariffs, according to Trump, aren’t just tools for bolstering the economy—they’re multi-faceted weapons in the battle against drug trafficking and illegal immigration. With this fresh economic team, Trump seems ready to hit the ground running and implement cutting-edge policies that are aimed not only at economic growth but also at restoring law and order across the nation.
If confirmed, Miran will replace Jared Bernstein, and his entry could signal a shift back to robust economic policies that prioritize American interests. In a landscape fraught with the ramifications of previous economic mishaps, this team promises to lead with a focus on reasoned growth. Fans of fiscal responsibility should keep their eyes peeled for what’s to come—after all, it seems that the era of fiscal gymnastics may soon come to an end.
