Trump appoints a supporter of a tough policy towards China to a position in the US national Reserve

U.S. president Donald Trump nominated his chief economical advisor and supporter of a tough policy towards China, Stephen Miran, for a vacant position on the board of the national Reserve, strengthening his support for his global trade war within an independent central bank.

Miran, the head of the White House's Board of economical Advisors, will service this function until January 31, while the search for a permanent deputy continues, informed Trump on social media. The vacant post was created after the resignation of Adriana Kugler, appointed by Joe Biden.

The nomination, which requires legislature approval, may aid Trump to reduce interest rates before the president's planned change of president Fed Jerome Powell next year. Miran is simply a key supporter of Trump's economical and commercial programme, arguing that another countries have weakened their currencies to increase exports, leaving the United States with costs of "global public goods", specified as military safety and a unchangeable US dollar-based financial system.

China and another countries purchased American assets "to manipulate their own currency and keep export prices low," said Miran in a speech made on April 7. These countries should besides engage in "burden sharing", accepting American duties without retaliation, buying more American goods or simply sending a check to the US Treasury," he said.

Stephen Ira MiranBorn 1983, is an American economist who has served as president of the Board of economical Advisors since 2025.

Miran graduated from Boston University with a bachelor's degree in economics and philosophy, and in 2010 received a Ph.D. in economics from Harvard University. After graduating from Harvard, he worked as an analyst at Lily Pond Capital Management and then joined Fidelity Investments and Sovarnum Capital. In 2015, Miran became head of macroeconomic strategy in Sovarnum. In April 2020, during the COVID-19 pandemic, he served as elder economical strategy advisor in the U.S. Treasury Department. After the inauguration of Joe Biden in January 2021, Miran returned to the private sector, co-founding Amberwave Partners. In February 2024, Miran joined Hudson Bay Capital Management as elder strategist.

In December 2024, president Donald Trump appointed Miran as the president of the Board of economical Advisors. In March 2025, he was approved by the United States Senate. Following the announcement by national Reserve politician Adriana Kugler of his resignation in August, Trump appointed Miran as a candidate for successor Kugler.

Leszek B. Glass

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