Miran’s résumé straddles markets and policy. Before becoming CEA chair, he served at Treasury during the pandemic and worked in macro investing; he has since published work proposing to overhaul Fed governance—arguing the central bank has drifted into “groupthink” and “excessive monetary accommodation.” In a 2024 Manhattan Institute report he and coauthors urged shorter Board terms, clarified presidential removal authority, more power for the Reserve Banks, and bringing the Fed’s budget under congressional appropriations—changes they say would deliver “better monetary outcomes” while restoring democratic accountability.
Miran has been an outspoken critic of the Fed’s pandemic-era stance and its later framework pivot; the Manhattan Institute paper faults the central bank’s “excessive monetary accommodation” and its dismissal of early inflation as “transitory.” He has also argued, in interviews and policy essays, for rebalancing the international monetary system and for tariffs as a tool to shift burden-sharing without deliberately weakening the dollar—positions that put him squarely inside the current administration’s macro playbook.
That posture tracks with remarks Miran made in late 2024 about the role of financial deregulation—as well as Bitcoin and crypto specifically—in a growth agenda. In a December 2024 interview on The Bitcoin Layer, he said: “Financial deregulation is going to be a powerful part of that. I think that crypto has a big role potentially to play in innovation.” (The conversation is widely excerpted and summarized in crypto trade coverage.)
Beyond the headline Bitcoin angle, Miran’s publication record suggests he will push internally on two axes: governance and scope. In a Mercatus Center discussion last year, he criticized large-scale asset purchases for eroding the line between fiscal and monetary policy, a theme echoed in his Manhattan Institute report’s call to “cordon off” non-monetary functions from the FOMC and to restore a narrower, technocratic focus on price stability. Those proposals—shortening Board terms, clarifying presidential removal, strengthening Reserve Banks, and subjecting the Fed’s operating budget to appropriations—would together amount to the most consequential redesign of the Fed’s institutional architecture in decades.
At press time, Bitcoin traded at $116,550.
