Stephen Miran: Who is Trump’s Top Pro-Tariff Ideologue?
Yesterday, Donald Trump announced that he was nominating Stephen Miran, a 41-year-old millennial, to fill a vacancy on the Fed’s board of governors. If you’re wondering “Who is Stephen Miran?”, you’re not alone. Even within economics circles, he may not be a household name. However, we previously detailed in a comprehensive Stephen Miran profile how he has become Trump’s top pro-tariff advocate.
Miran’s Background and Rise to Prominence
This time last year, Stephen Miran was a relatively unknown figure in political and economic circles. Most of his career was spent working in investment firms, with no background in academia. His rise to prominence began when he authored a series of papers that matched the mindset of the pro-tariff faction in the Republican presidential campaign. This included a 41-page document, nicknamed ‘the Mar-a-Lago Accord’, which discussed potential solutions for narrowing America’s significant trade gap.
Miran’s Unique Position in the CEA
Miran’s contributions earned him the position of chair of the Council of Economic Advisors (CEA), a role typically held by renowned individuals from top universities or long-term Washington operatives. As one of the very few economic nationalists with a PhD in economics, Miran brought to the table extensive knowledge of economic jargon, comprehensive understanding of peer studies, and intellectual depth, making a compelling case for Trump’s unconventional game plan. To learn more about Miran’s journey and his perspectives, read the full Stephen Miran story.
Stephen Miran’s Impact on the Economy
If confirmed, Miran will be sharing the table with Trump’s adversary and Fed chair Jerome Powell, ensuring that CEOs, CFOs, and economic observers will be hearing his name frequently this year.
Notable Moves in Business This Week
There were several significant career moves this week. Kevin D. Cook was appointed CFO of Bumble Inc. while Costin Corneanu was named EVP and CFO of Amtrak. Eric Christel and Michael Graham were appointed as CFOs of Bloomin’ Brands, Inc. and ZoomInfo respectively. Jennifer Fall Jung was also named CFO and secretary of Sportsman’s Warehouse Holdings, Inc..
US Corporate Bankruptcies on the Rise
An analysis by S&P Global Market Intelligence revealed US corporate bankruptcies in July reached their highest monthly total since 2020. Large public and private company bankruptcy filings rose to 71 in July, marking the highest monthly figure since July 2020. For more insights, refer to the bankruptcy report.
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