Economy April 21, 2026 03:44 PM

Trump Taps University of Minnesota Economist Christopher Phelan as Chief Economic Adviser

Nomination submitted to Senate to fill the White House economics post vacated by Stephen Miran's move to the Federal Reserve Board

By Avery Klein
Trump Taps University of Minnesota Economist Christopher Phelan as Chief Economic Adviser

President Donald Trump has nominated Christopher Phelan, a long-serving University of Minnesota economics professor and former senior economist at the Federal Reserve Bank of Minneapolis, to serve as his chief economic adviser. The nomination, announced by the White House, aims to fill the vacancy created when Stephen Miran left the Council of Economic Advisers to join the Federal Reserve’s Board of Governors. The choice now awaits Senate confirmation.

Key Points

  • President Trump has nominated University of Minnesota Professor Christopher Phelan to serve as chief economic adviser.
  • Phelan would replace Stephen Miran, who resigned as chair of the Council of Economic Advisers after being appointed to the Federal Reserve’s Board of Governors in February.
  • Phelan's background includes nearly 19 years on the University of Minnesota economics faculty, prior work as a senior economist at the Federal Reserve Bank of Minneapolis, and a PhD in Economics from the University of Chicago.
  • The nomination requires Senate confirmation; the article does not provide a timeline or detail policy positions or sectoral impacts.

President Donald Trump has formally nominated Christopher Phelan of the University of Minnesota to assume the role of chief economic adviser, the White House announced on Tuesday.

Phelan would step into the post left open after Stephen Miran, who had chaired the Council of Economic Advisers, was appointed to the Federal Reserve’s Board of Governors. Miran resigned as CEA chair in February, fulfilling a commitment he had previously made to the Senate.

According to information on his LinkedIn profile, Phelan has been a member of the University of Minnesota’s Department of Economics faculty for nearly 19 years. His professional background includes a period as a senior economist at the Federal Reserve Bank of Minneapolis. Phelan holds a PhD in Economics from the University of Chicago.

The White House statement did not provide additional details about a timeline for confirmation or outline any policy priorities associated with the nomination. As with senior executive appointments to the White House economic team, the nomination must be confirmed by the Senate before Phelan can formally assume the duties of the chief economic adviser.

This announcement completes the direct personnel link between the CEA vacancy and Miran’s elevation to the Federal Reserve, as conveyed in the administration’s statement. Beyond the basic biographical and employment details cited above, the public record released with the announcement contains limited information about Phelan’s policy positions or planned agenda in the advisory post.


Background and context

Phelan’s nearly two-decade academic tenure at the University of Minnesota and his prior role at the Minneapolis Fed are the primary professional credentials noted in the White House announcement and his LinkedIn profile. The article’s source material indicates these elements of his resume and the procedural requirement of Senate confirmation, but does not expand on specific policy views, the expected transition timeline, or next steps in the confirmation process.


Summary of developments

  • Christopher Phelan has been nominated by President Trump to be chief economic adviser.
  • The nomination fills the position vacated when Stephen Miran joined the Federal Reserve’s Board of Governors.
  • Phelan’s credentials include roughly 19 years on the University of Minnesota economics faculty, prior service as a senior economist at the Federal Reserve Bank of Minneapolis, and a PhD from the University of Chicago.

Note: The announcement as reported does not include further details on policy priorities, the confirmation timetable, or sector-specific implications tied to the nomination.

Risks

  • Senate confirmation is required for the nomination to take effect - the article does not indicate when or how the Senate will act.
  • The announcement does not include Phelan's policy views or priorities, creating uncertainty about how he might advise on economic matters.
  • The article provides limited detail on the timing of any transition or the scope of responsibilities Phelan would assume beyond the title.

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