Stephen Miran

Stephen Ira Miran (; MY-run; born June 1983) is an American economist who served as a member of the Federal Reserve Board of Governors from September 2025 to May 2026. Miran served as the chair of the Council of Economic Advisers from January 2025 to January 2026; he was on leave from September 2025 to January 2026. Miran graduated from Boston University with a bachelor's degree in economics and philosophy and from Harvard University with a doctorate in economics in 2010. After graduating from Harvard, he worked for Lily Pond Capital Management as an analyst, later joining Fidelity Investments and Sovarnum Capital. Miran became the head of macroeconomic strategy at Sovarnum in 2015. In April 2020, amid the COVID-19 pandemic, he served as a senior advisor for economic strategy at the United States Department of the Treasury. After Joe Biden's inauguration in January 2021, Miran returned to the private sector, co-founding Amberwave Partners. Miran joined Hudson Bay Capital Management as a senior strategist in February 2024. In December 2024, President Donald Trump nominated Miran for chair of the Council of Economic Advisers. He was confirmed by the United States Senate in March 2025. Miran developed the Trump administration's tariff policy, opining that import taxes are not inflationary. After Federal Reserve governor Adriana Kugler announced her resignation in August, Trump named Miran as his nominee to succeed Kugler. In September, he was confirmed by the Senate and sworn in that month.