FT reports Trump’s top economic adviser Miran ‘out of his depth’ in hedge fund Q&A

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.

This article was written by Eamonn Sheridan at www.forexlive.com.