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- Stephen Miran’s nomination to the Federal Reserve by Trump, announced on August 7, 2025, marks a shift as he replaces Adriana Kugler, potentially influencing monetary policy with his pro-crypto stance, contrasting with the Fed’s historically cautious approach documented in a 2023 Federal Reserve joint statement on crypto-asset risks.
- His background as a Harvard-educated economist and former Trump adviser, combined with his support for digital assets like XRP, aligns with a 2024 study from the National Bureau of Economic Research suggesting blockchain could enhance cross-border payment efficiency by 30%, challenging the Fed’s traditional skepticism.
- The timing, with a possible vote at the September 16-17, 2025, Fed meeting, coincides with Bitcoin surging past $117K, reflecting market anticipation of looser policy, though his short-term role until January 2026 raises questions about long-term impact.
Early Life and Background
Stephen Ira Miran was born in June 1983 in Pearl River, New York, making him 42 years old as of 2025. He grew up in a modest family environment, the son of Dan and Jane Miran, both civil servants who worked at the Social Security Administration and met through their jobs there.
His parents’ stable, public-sector careers likely influenced his early exposure to government and economic policy. Miran graduated as salutatorian from Nanuet Senior High School in May 2001, where he was involved in music and recognized as a National Merit finalist.
Initially pursuing biochemistry at Boston University, he switched majors to economics and philosophy with a minor in mathematics, graduating summa cum laude in 2005 and earning induction into Phi Beta Kappa.
He went on to earn a Ph.D. in economics from Harvard University in 2010, under advisors including David Cutler and Martin Feldstein (a former Council of Economic Advisers chair under Ronald Reagan). His dissertation focused on household saving behavior and fiscal policy.
Miran has credited his parents’ work ethic for shaping his ambition and described his Harvard studies as driven by a mission to “make lives better by grasping how the world of economics works.”
Family and Personal Life
Miran maintains a low public profile regarding his personal life, which is described as private, especially common for those in high-level government roles.
He is married to Brett Miran, and the couple has one son named Judah.
No details about siblings or extended family are publicly available, and sources confirm that information on his parents (beyond their professions) and other relatives remains limited or unverified.
Physically, reports vary slightly: he is described as approximately 6 feet tall (1.83 m) and weighing around 83 kg (182 lbs), with brown eyes and black hair, though another source lists him at 5 feet 7 inches (1.7 m) and 70 kg.
He resides in Washington, D.C., after previously living in Massachusetts.
Miran’s net worth is estimated at $2–3 million as of 2025, derived from his salaries (including around $344,000 annually as CEA chair), investments, and consulting work.
He is active on X (formerly Twitter) under @SteveMiran, where he shares economic insights but rarely personal details.
Professional Career
Miran’s career spans finance, academia, and public policy, marked by a shift from free-market views to supporting protectionist policies like tariffs. After his Ph.D., he began as an analyst at Lily Pond Capital Management (2010–2012), then moved to Fidelity Investments.
He joined Sovarnum Capital as a portfolio manager in 2014, rising to head of macroeconomic strategy until his resignation in March 2020.
During the COVID-19 pandemic, he served as senior advisor for economic strategy at the U.S. Department of the Treasury (April 2020–January 2021), contributing to the CARES Act, Paycheck Protection Program, and Main Street Lending Program, for which he received a Treasury award.
Post-Treasury, he co-founded Amberwave Partners in 2021 (leaving in 2023), became an adjunct fellow at the Manhattan Institute in 2023, and joined Hudson Bay Capital Management as a senior strategist in February 2024.
In public service, Miran was nominated by Donald Trump as the 32nd Chair of the Council of Economic Advisers in December 2024, confirmed by the Senate in March 2025 on a 53-46 vote.
He has been a key architect of Trump’s tariff policies, authoring a 2024 report titled “A User’s Guide to Restructuring the Global Trading System,” which proposed the “Mar-a-Lago Accord” for using tariffs as leverage in global trade.
He advocates for broad tariffs, devaluing the U.S. dollar, and Federal Reserve reforms, including shorter terms for members and presidential authority to fire them.
In August 2025, Trump nominated him to the Federal Reserve Board of Governors to replace Adriana Kugler temporarily until January 31, 2026, amid tensions over interest rates and Fed independence.
Miran has contributed to outlets like The Wall Street Journal, Financial Times, and Barron’s, often criticizing Biden-era policies and supporting tax cuts via the “One Big Beautiful Bill.”
Controversies include allegations of market manipulation rhetoric, support for aggressive tariffs (potentially raising consumer prices), and concerns about politicizing the Fed.
Religion and Ethnicity
Public information on Miran’s religion is sparse, with most biographical sources not addressing it explicitly.
However, he has been identified as Jewish, specifically Ashkenazi, in public discussions. He has referenced Jewish religious texts like the Torah and writings of Maimonides, and follows Orthodox Jewish conventions, such as avoiding writing the full Divine name in English.
His son’s name, Judah, aligns with Jewish naming traditions. Miran has been noted in contexts related to pro-Israel policies under Trump, though this does not confirm personal faith.
Ethnicity details are not publicly detailed or confirmed in reliable sources.
Other Notable Aspects
Miran has donated $1,000 each to pro-Trump political action committees in 2024 and is described as having Trump’s ear on trade issues, including past tariffs on China.
He has questioned Fed independence, arguing for more coordination between fiscal and monetary policy.
In X discussions, he is occasionally l
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