The Financial Times with the report on Trump's top economic adviser Stephen Miran addressing investors last Friday. . FT is gated, but in brief:
- Some participants found Fridays meeting counter-productive
- two people describing Miran's comments around tariffs and markets as "incoherent" or incomplete
- and one of them saying Miran was "out of his depth"
- "[Miran] got questions and that's when it fell apart," said one person familiar with the meeting. "When you're with an audience that knows a lot, the talking points are taken apart pretty quickly."
FT cite people with direct knowledge of the matter.
Miran is not a dummy, his CV includes:
- advisor of economic policy for the Department of the Treasury from 2020 to 2021
- senior strategist at Hudson Bay Capital Management
He maybe struggled with the incoherence of scattershot policy? Bessent seems to do OK though. Dunno.
