Bloomberg Talks
US Council of Economic Advisers Chairman Stephen Miran Talks Tariffs
Mar 24, 2025
Stephen Miran, Chairman of the US Council of Economic Advisers, brings valuable insights into the complexities of tariffs and their effects on consumers. He discusses how U.S. consumers adapt to tariff costs, challenging conventional views on their impact. The conversation also delves into the shift from a government-centric economy to private sector reliance, showcasing vulnerabilities. Additionally, Miran critiques traditional economic theories around trade deficits and emphasizes the need for a strategic approach to tackle currency valuation and trade imbalances.
09:51
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Quick takeaways
- Stephen Miran highlights that U.S. consumers show flexibility concerning tariffs, providing them with options against price increases.
- The podcast discusses the reliance on government-driven job growth, raising concerns about economic stability as the economy shifts to the private sector.
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