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Trump Announces Nomination of "Pro-Crypto" Official Stephen Miran as Federal Reserve Board Governor
BlockBeats News, August 8th, U.S. President Trump announced: "I have selected current Chairman of the Council of Economic Advisers Stephen Miran to fill the recently vacated seat on the Federal Reserve Board, with a term until January 31, 2026. At the same time, we will continue to look for a long-term replacement for the Federal Reserve position. Stephen holds a Ph.D. in Economics from Harvard University and has performed admirably in my first administration. He has been with me since the beginning of my second term, and his expertise in the field of economics is unparalleled—he will do an outstanding job. Congratulations, Stephen."
Reportedly, Stephen Ira Miran is an American economist, currently serving as the Chairman of the White House Council of Economic Advisers (since March 2025). He graduated from Boston University (2005, majoring in Economics, Philosophy, and Mathematics) and obtained a Ph.D. in Economics from Harvard University (2010, advised by Martin Feldstein). Miran served as a Senior Economic Policy Advisor at the U.S. Treasury Department from 2020 to 2021, contributing to fiscal support efforts during the pandemic, such as the Paycheck Protection Program in the CARES Act. He is currently a Senior Strategist at Hudson Bay Capital Management, a co-founder of the asset management firm Amberwave Partners, and a part-time researcher at the Manhattan Institute. Miran supports Trump's economic protectionist policies, advocating for the use of tariffs to reduce trade deficits and drive a revaluation of the U.S. dollar against other currencies.
Public information indicates that during his tenure as Chairman of the White House Council of Economic Advisers, he has been a vocal supporter of the Trump administration's crypto-friendly policies. He believes that cryptocurrency has the potential to stimulate economic growth, drive financial innovation, and combat inflation, especially in the context of the Trump economic agenda.
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