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Donald Trump names critic of Federal Reserve chair Jay Powell to top economic job

President-elect also taps billionaire Cerberus founder Stephen Feinberg for deputy defence secretary
Stephen Miran accused Joe Biden’s Treasury department of manipulating the economy during the recent presidential election

Donald Trump has tapped Stephen Miran, an economist who served during the president-elect’s first term, to chair his Council of Economic Advisers and named billionaire investor Stephen Feinberg to a senior defence post.

Feinberg, who co-founded private equity group Cerberus Capital Management, has been nominated as deputy defence secretary, putting him in place to be the number two to Trump’s top Pentagon pick Pete Hegseth, who has been hit by allegations of sexual misconduct.

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