Trump names Miran head of Council of Economic Advisers

Driving the news: Trump announced Miran's appointment in a Truth Social post Sunday morning.

• "Steve will work with the rest of my Economic Team to deliver a Great Economic Boom that lifts up all Americans," Trump wrote.
• The three-member CEA, whose chair must be confirmed by the Senate, advises the president on economic policy.

Zoom out: Miran, a fellow at the Manhattan Institute, was senior advisor for economic policy at the Treasury Department during Trump's first term.

The intrigue: Last July, Miran and Nouriel Roubini published a paper accusing the administration of manipulating debt markets and "usurping" a core function of the Federal Reserve to hold down long-term interest rates ahead of the election.

• Treasury vehemently denied the allegation.

Miran has been critical of Fed chairman Jerome Powell as well, saying he was "wrong politically and economically" to recommend a major stimulus package in late 2020.

What they're saying: "I look forward to working to help implement the President's policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans!" Miran posted on X.