As part of Donald Trump's

2016 presidential campaign This national electoral calendar for 2016 lists the national/federal elections held in 2016 in all sovereign states and their dependent territories. By-elections are excluded, though national referendums are included. January *7 January: Kir ...

, various economists and businesspeople have served both in a formal and an informal capacity, to advise Trump on

macroeconomics Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

and associated government policy decisions. During the transition to the presidency, Trump gained additional advisors, and after the

inauguration In government and politics, inauguration is the process of swearing a person into office and thus making that person the incumbent. Such an inauguration commonly occurs through a formal ceremony or special event, which may also include an inaugu ...

some of his advisors will officially become part of the Trump administration (including the NEC, NTC,

advisors An adviser or advisor is normally a person with more and deeper knowledge in a specific area and usually also includes persons with cross-functional and multidisciplinary expertise. An adviser's role is that of a mentor or guide and differs categor ...

, czars, counselors, OMB, CEA, Treasury, Commerce, USTR, SBA, SEC, and the

Fed Fed, The Fed or FED may refer to: People * Andrey A. Fedorov (1908–1987), Soviet Russian biologist, author abbreviation * Feds, a slang term for a police officer in several countries * John Fedorowicz (born 1958), American International Grand ...

) while others will remain in the private sector as informal advisors with varying degrees of influence.

Background

During his presidential campaign

Trump released initial details of his economic policies when his campaign officially began in June 2015, and more details during the first Republican debates which began in August 2015. Although critical of certain aspects of Trump's early economic plans, especially increasing tariffs as opposed to free trade policies, Larry Kudlow and Steve Moore would eventually agree to join the

Trump campaign There have been four presidential campaigns waged by Donald Trump for President of the United States. He has additionally mused about running on several other occasions. Donald Trump presidential campaign may refer to: * Donald Trump 2000 presid ...

as advisors. Although most presidential candidates had announced a team of formal economic advisors by October 2015, at the time Trump still primarily relied upon his business background to inform his economic plan ( Carly Fiorina was the other candidate who relied primarily upon her own background in business in the early phases of the campaign). In addition to his own business expertise, Trump had a network of contacts that sometimes served as informal economic advisors during his campaign, including Carl Icahn. Even as late as July 2016, however, Kudlow and

Moore Moore may refer to: People * Moore (surname) ** List of people with surname Moore * Moore Crosthwaite (1907–1989), a British diplomat and ambassador * Moore Disney (1765–1846), a senior officer in the British Army * Moore Powell (died c. 1573 ...

were still not official advisors, despite having already helped craft some of Trump's policy-positions related to taxation for instance.

During the general election

Trump released a list of his campaign's official economic advisers in August 2016, which was significantly anti-establishment and therefore included few people with any governmental experience, yet at the same time aimed to include some of the elites of business and finance, primarily people with well-known names. Although most of the names were new, existing Trump advisers

David Malpass David Robert Malpass (born March 8, 1956) is an American economic analyst and former government official serving as President of the World Bank Group since 2019. Malpass previously served as Under Secretary of the Treasury for International Af ...

, Peter Navarro, Stephen Moore, and

Dan DiMicco Daniel Ralph DiMicco (born 1950) is an American businessman who is the former CEO and chairman of Nucor steel company. He served as a trade advisor to Donald Trump during Trump's 2016 presidential campaign. Early life DiMicco was born in 1950, ...

were also on the list, formally led by Stephen Miller, the national policy director, and directly led by deputy policy director Dan Kowalski. The Trump'16 finance director

Steven Mnuchin Steven Terner Mnuchin ( ; born December 21, 1962) is an American investment banker and film producer who served as the 77th United States secretary of the treasury as part of the Cabinet of Donald Trump from 2017 to 2021. Serving for a full pres ...

was also listed, and played a role in helping coordinate the group. Many of the names on the original list, or on the subsequent expansions thereof, received media attention as potential appointees to the presidential

Council of Economic Advisers The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the President of the United States on economic policy. The CEA provides much of the empirical resea ...

, or in other Trump administration roles. As of August 2016, Trump's economic advisors included: * Tom Barrack, CEO of Colony Capital,

chair, former Treasury contender, major donor * Andy Beal, banker, billionaire, professional

poker player Poker is a family of comparing card games in which players wager over which hand is best according to that specific game's rules. It is played worldwide, however in some places the rules may vary. While the earliest known form of the game wa ...

, major donor * Stephen Calk, CEO of the Federal Savings Bank, officer and helicopter pilot in the U.S. Army *

, former CEO of Nucor, Commerce/ CEA/ USTR contender *

Steve Feinberg Stephen Andrew Feinberg (born March 29, 1960) is an American businessman and investor active in hedge fund management and private equity. He is the co-founder and Chief Executive Officer (CEO) of Cerberus Capital Management. As of March 2019, his ...

, CEO of Cerberus Capital, major donor *

Harold Hamm Harold Glenn Hamm (born December 11, 1945) is an American entrepreneur in the oil and gas business. He is known for extracting shale oil resources. , Hamm's net worth is estimated to be billion, making him the 63rd wealthiest person in the w ...

, oil and gas industry, billionaire, former Energy/

Interior Interior may refer to: Arts and media * ''Interior'' (Degas) (also known as ''The Rape''), painting by Edgar Degas * ''Interior'' (play), 1895 play by Belgian playwright Maurice Maeterlinck * ''The Interior'' (novel), by Lisa See * Interior de ...

contender * Kathleen Hartnett-White, former

EPA The Environmental Protection Agency (EPA) is an independent executive agency of the United States federal government tasked with environmental protection matters. President Richard Nixon proposed the establishment of EPA on July 9, 1970; it be ...

contender, a director at the

Texas Public Policy Foundation The Texas Public Policy Foundation (TPPF) is a conservatism in the United States, conservative think tank based in Austin, Texas. The organization was founded in 1989 by James R. Leininger, who sought intellectual support for his education reform ...

, former head of the Texas Commission on Environmental Quality *

Diane Hendricks Diane Marie Hendricks (née Smith; born 1947) is an American billionaire businesswoman and film producer from Wisconsin. She is the widow of the late businessman Ken Hendricks. Early life Hendricks was born and raised in Osseo, Wisconsin, the d ...

, chair of ABC Supply, billionaire, originally backed Walker'16 * Darlene Jordan, former assistant attorney general of Massachusetts * Dan Kowalski, former deputy staff director for the Senate Budget Committee 2009-

2015 File:2015 Events Collage new.png, From top left, clockwise: Civil service in remembrance of November 2015 Paris attacks; Germanwings Flight 9525 was purposely crashed into the French Alps; the rubble of residences in Kathmandu following the Apri ...

and House Budget Committee staffer

1998 1998 was designated as the ''International Year of the Ocean''. Events January * January 6 – The '' Lunar Prospector'' spacecraft is launched into orbit around the Moon, and later finds evidence for frozen water, in soil in permanently ...

2007 File:2007 Events Collage.png, From top left, clockwise: Steve Jobs unveils Apple's first iPhone; TAM Airlines Flight 3054 overruns a runway and crashes into a gas station, killing almost 200 people; Former Pakistani Prime Minister of Pakistan, Pr ...

, co-lead of the Trump'16 economic advisers team, Trump'16 deputy director of policy, on the Trump OMB transition team * Howard Lorber, CEO of Vector Group, major donor *

/ OMB/ USTR contender * Ted Malloch, author, consultant, and television producer * Betsy McCaughey, former

Lieutenant Governor of New York The lieutenant governor of New York is a constitutional office in the executive branch of the Government of the State of New York. It is the second highest-ranking official in state government. The lieutenant governor is elected on a ticket wit ...

, divorced spouse of Wilbur Ross * Stephen Miller, Trump'16 director of policy, Sr. Advisor appointee *

, founder of hedge fund Dune Capital Management, former

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

employee, Trump'16 finance chair, major donor, Treasury-designate * Stephen Moore, founding president of the Club for Growth, CEA contender * Peter Navarro, business school professor at UC-Irvine, CEA contender *

John Paulson John Alfred Paulson (born December 14, 1955) is an American billionaire hedge fund manager. He leads Paulson & Co., a New York-based investment management firm he founded in 1994. He has been called "one of the most prominent names in high fina ...

, CEO of investment firm Paulson & Co. * Brooke Rollins, CEO of

, former deputy general counsel under Governor

Rick Perry James Richard Perry (born March 4, 1950) is an American politician who served as the 14th United States secretary of energy from 2017 to 2019 and as the 47th governor of Texas from 2000 to 2015. Perry also ran unsuccessfully for the Republica ...

* Wilbur Ross, billionaire investor, Commerce-designate, divorced spouse of Betsy McCaughey *

Steve Roth ''yes'Steve is a masculine given name, usually a short form ( hypocorism) of Steven or Stephen Notable people with the name include: steve jops * Steve Abbott (disambiguation), several people * Steve Adams (disambiguation), several people * Stev ...

, chair of Vornado Realty Trust (although on the list of advisers in August 2016, Roth said in September 2016 he was no longer spending any time on the effort) * Carla Sands, philanthropist and chair of Vintage Capital *

Anthony Scaramucci Anthony Scaramucci ( ; born January 6, 1964) is an American financier who briefly served as the White House Communications Director, White House Director of Communications from July 21 to July 31, 2017. Scaramucci worked at Goldman Sachs's inv ...

, founder of SkyBridge Capital, former

employee *

Judy Shelton Judy Lynn Shelton (born 1954/55) is an American economic advisor to former President Donald Trump. She is known for her advocacy for a return to the gold standard and for her criticisms of the Federal Reserve (which she has compared to the Sovie ...

, Fed Vice-Chair contender, possible future Fed Chair contender, former advisor to Carson'16, director of the Sound Money Project at the

Atlas Network Atlas Network, formerly known as the Atlas Economic Research Foundation, is a non-governmental 501(c)(3) organization based in the United States that provides training, networking and grants for libertarian, free-market, and conservative groups ...

, economist with a Ph.D in

business administration Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. From the point of view of management ...

from University of Utah, noted for her

1989 File:1989 Events Collage.png, From left, clockwise: The Cypress Street Viaduct, Cypress structure collapses as a result of the 1989 Loma Prieta earthquake, killing motorists below; The proposal document for the World Wide Web is submitted; The Exxo ...

book '' The Coming Soviet Crash'' * Liz Uihlein, president of Uline Several of the advisors were major donors to Trump's presidential campaign. At first, only one of Trump's initial list of a dozen official advisors, Peter Navarro, had a PhD in economics. Although he had been in contact with Trump since 2011, Navarro had never met nor spoken with Trump directly in August 2016, but began to meet with Trump in person late in the 2016 campaign. A few days after Navarro was announced, Trump added

, an economist with a Ph.D in

to his team.

As president-elect

As of December 2016, many of the advisors during the campaign listed above are under consideration for cabinet-level roles or other high-level roles in the Trump administration. (For instance, Navarro is a contender for the CEA chair, and Shelton is a contender for Fed Vice-Chair.)

Informal presidential advisors

In addition to his statutory advisory groups, Trump is also organizing efforts to directly communicate with business leaders.

Technology industry

Billionaire venture capitalist Peter Thiel originally backed fellow Californian and tech industry candidate Carly Fiorina, but implicitly endorsed Trump in May 2016, then spoke at the

Republican National Convention The Republican National Convention (RNC) is a series of presidential nominating conventions held every four years since 1856 by the United States Republican Party. They are administered by the Republican National Committee. The goal of the Repu ...

that July. Thiel donated over a million dollars in October 2016. A few days after the general election, Thiel joined the executive committee of the Trump transition team, although Thiel said he was not seeking a full-time Trump administration position. In addition to bringing some of his tech industry contacts to the Trump team, Thiel, along with Trump's son-in-law Jared Kushner and incoming White House Chief of Staff Reince Priebus, helped organize a technology-CEO meeting in December 2016 for Trump and

Pence A penny is a coin ( pennies) or a unit of currency (pl. pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. Presently, it is th ...

, as well as a handful of appointees and

transition team A political transition team is used when there is a change of political leadership, to enable an orderly and peaceful transfer of power. Canada When a new Prime Minister, provincial premier or party leader is elected; a transition team is usua ...

members. Airbnb was also invited to attend the tech-CEO meeting, but their CEO was traveling internationally that week. The details of the December 2016 meeting were not made public, but according to anonymous sources, reforming the

H1B visa The H-1B is a visa in the United States under the Immigration and Nationality Act, section 101(a)(15)(H) that allows U.S. employers to temporarily employ foreign workers in specialty occupations. A specialty occupation requires the application of ...

program was discussed. Of the above, Stephen Bannon resigned on 18 August 2017; Reince Prebus was fired on 11 March 2017.

Business-oriented strategy and policy group

In addition to the tech-industry group, there is also a more general business advisory group being formed. Billionaire

Stephen Schwarzman Stephen Allen Schwarzman (born February 14, 1947) is an American billionaire businessman. He is the chairman and CEO of The Blackstone Group, a global private equity firm he established in 1985 with Peter G. Peterson, former chairman and CEO of ...

of Blackstone organized the business advisory group, which also includes: * Paul Atkins, former SEC commissioner * Mary Barra, CEO of GM * Toby Cosgrove, CEO of Cleveland Clinic * Jamie Dimon, CEO of JPMorgan Chase * Larry Fink, CEO of BlackRock * Travis Kalanick, former CEO of Uber (December 2016-February 2017 resignation) *

Rich Lesser Richard "Rich" Lesser (born 1962) is an American businessman who has served as the Global Chair of American global management consultancy the Boston Consulting Group (BCG) since 2021. He previously served as CEO from 2013 to 2021. Early life and ...

, CEO of BCG * Doug McMillon, CEO of Wal-Mart *

Jim McNerney Walter James "Jim" McNerney Jr. (born August 22, 1949) is a business executive who was President and CEO of The Boeing Company, June 2005–July 2015. McNerney was also Chairman from June 2005 until March 1, 2016. McNerney oversaw development of ...

, former CEO of Boeing * Elon Musk (December 2016-June 2017 resignation) * Indra Nooyi, CEO of

PepsiCo PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manuf ...

* Bayo Ogunlesi, chair of Global Infrastructure Partners * Ginni Rometty, CEO of IBM, also attended tech-CEO meeting * Kevin Warsh, former FRB member *

Mark Weinberger Mark A. Weinberger (born 1964/1965) is an American businessman. He is the former global Chairman and CEO of EY (formerly known as Ernst & Young). Weinberger currently sits on several boards of directors, including those of Metlife, Johnson & Jo ...

, CEO of EY * Jack Welch, former CEO of GE * Daniel Yergin, winner of the

Pulitzer Prize The Pulitzer Prize () is an award for achievements in newspaper, magazine, online journalism, literature, and musical composition within the United States. It was established in 1917 by provisions in the will of Joseph Pulitzer, who had made h ...

It is unclear whether Trump or his transition team have personally met with this advisory group, but media reports indicate that some of the members were considered for cabinet-level positions in his administration (including Dimon as a potential treasury secretary, Cosgrove as potential secretary of veterans affairs, Warsh for a potential Federal Reserve role).

Agricultural industry

During his campaign, Trump had several dozen agricultural advisors.

As president

References

{{DEFAULTSORT:Economic Advisors To Donald Trump 2010s politics-related lists * * Donald Trump 2016 presidential campaign Lists of American people by occupation Lists of businesspeople Advisors to Donald Trump * Economic Advisors Donald Trump-related lists