Miran has been a major defender of Trump’s income tax cuts and tariff hikes. He also has played down the risk of Trump’s tariffs generating higher inflation.

Trump nominated Stephen Miran, the chair of the Council of Economic Advisors and a Harvard Ph.D, on Aug. 7 to serve as temporary Fed governor, filling the opening left by Adriana Kugler’s unexpected resignation. Kugler, a labor economist, announced that her surprise resignation would take effect Aug. 8.

Miran has emerged as a vocal defender of Trump's economic agenda, particularly the 2025 tax cuts and the broad tariff regime.