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Trump Picks University Professor Phelan to Be His Chief Economic ...
Phelan would oversee economic analysis and policy advice as the White House fills a vacancy left after Stephen Miran moved to the Federal Reserve.
- On Tuesday, President Donald Trump nominated University of Minnesota economist Christopher Phelan to lead the White House Council of Economic Advisers, a key position for analyzing the economy and administration policies.
- Phelan succeeds acting Chairman Pierre Yared, who is returning to Columbia Business School after Trump appointed former Chairman Stephen Miran to the Federal Reserve Board.
- With a doctorate from the University of Chicago, Phelan previously worked as a senior economist at the Federal Reserve Bank of Minneapolis, bringing deep macroeconomic research expertise to the Administration.
- If confirmed by the Senate, the new chairman will navigate a gradual labor market slowdown and rising inflation caused by energy price spikes during the war in Iran.
- Consumer sentiment hit a record low last week, falling below levels seen during the Great Recession and the COVID-19 lockdown, according to the Michigan Consumer Sentiment Index.
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Minnesota economist Christopher Phelan nominated to be top Trump policy adviser
President Donald Trump has nominated University of Minnesota Professor Christopher Phelan to lead the Council of Economic Advisers. The White House announced Tuesday that Trump has nominated Phelan, who specializes in macroeconomic theory, to be chairman of the CEA. If confirmed by the Senate, he will replace acting Chairman Pierre Yared, who will return to teaching at Columbia Business School. TAKEAWAYS FROM KEVIN WARSH’S FED CONFIRMATION HEARI…
·Washington, United States
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Associated Press News+18 Reposted by 18 other sources
Trump picks a University of Minnesota professor to lead his economic council
President Donald Trump is nominating University of Minnesota economist Christopher Phelan as the next chairman of the White House Council of Economic Advisers.
·United States
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Coverage Details
Total News Sources25
Leaning Left6Leaning Right4Center11Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 29%
C 52%
R 19%
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