Years (or months) from now, if the economy goes into recession, remember this is the team that brought you that outcome.<\/p>\n
Notes:<\/strong> Clockwise from top left: Bessent (to Treasury; Yale; Key Square Group), Luttnick (to Commerce: Haverford; Cantor Fitzgerald), Hassett (to NEC; Swarthmore, Penn; AEI), Vought (to OMB; Wheaton, GWU Law; Heritage\/CRA\/Project 2025), Greer (to USTR; BYU, UVA Law; USTR and King & Spalding); Miran* (to CEA; BU, Harvard; Hudson Bay Capital Mgmt), Navarro (to EOP; Tufts, Harvard; UC Irvine and EOP), Faulkender* (to Treasury Dpty; UC Davis, Northwestern; Treasury, UMD). * indicates not yet confirmed by Senate (if necessary).<\/em><\/p>\n Of particular interest to me is CEA Chair-designate Stephen Miran\u2019s views on tariffs (Bloomberg<\/a>):<\/p>\n \u201cThe American economic story has seen periods of high tariff rates coincide with extraordinary economic success,\u201d said Stephen Miran, Trump\u2019s pick as chair of the Council of Economic Advisers. \u201cThere\u2019s nothing in the historical record that would say that it\u2019s impossible to have a fabulous economy with high tariffs.\u201d<\/p>\n<\/blockquote>\n How can CEA fulfill its traditional role (of killing really bad economic policy proposals) if the top guy doesn\u2019t know what a bad policy is\u2026?<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n <\/p>\n![\"\"](\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/01\/trump_econ_whisperers.png\")
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