Donald Trump has chosen Stephen Miran, a critic of Federal Reserve Chair Jay Powell, to lead his Council of Economic Advisers.
Miran, who worked in Trump’s first term, will now help shape economic policy in the president-elect’s second term.
In addition to Miran’s appointment, Trump has also picked billionaire Stephen Feinberg, co-founder of Cerberus Capital Management, as the deputy defense secretary.
Feinberg is known for his success in business and for leading Trump’s Intelligence Advisory Board in the past.
He will work closely with Trump’s pick for top Pentagon official, Pete Hegseth.
Miran, who currently works at a hedge fund, has been outspoken about the Federal Reserve’s actions under Powell and criticized the Biden administration’s economic policies.
He believes the Treasury Department has been manipulating the economy and taking on too much control, which he argues has hurt the Fed’s ability to manage inflation.
Trump praised Miran for his strong economic ideas and said he will work with the team to create “a Great Economic Boom.” Miran also expressed excitement about the role and promised to help implement policies that will benefit all Americans.
Miran and his team will play an important part in advising Trump on how to grow the economy in a way that doesn’t cause inflation.
The Council of Economic Advisers is a small but powerful group that helps guide the president’s economic decisions.
Miran’s appointment is still subject to confirmation by the US Senate.