MNI BRIEF: White House's Miran Optimistic For China Deal

White House Council of Economic Adviser Chair Stephen Miran said Wednesday he is optimistic about the Trump administration striking a deal with China that would de-escalate trade tensions.

"I'm optimistic that we will have a deal with China, and I'm optimistic that we will be able to take the temperature down a bit," Miran said in a Q&A at a Semafor event, without offering a timeline. 

Asked about the dollar's recent decline, Miran said the dollar is the purview of the Treasury Secretary and the President. "But being the reserve currency does afford the United States some fabulous benefits. We borrow more cheaply," he said. "We can express our national security will through the payment system, and all those are profoundly important. And dollar dominance helps reinforce military dominance, which helps us protect the global trading system." (See: MNI INTERVIEW: Tariff Benefits Loom Despite Some Fallout-Miran)