• What To Read Next
SubscribeSign In

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/politics/elections/how-trumps-provocative-economist-crashed-the-federal-reserve-2a9840e8

Stephen Miran is chair of the White House’s Council of Economic Advisers.

How Trump’s Provocative Economist Crashed the Federal Reserve

Stephen Miran is poised to become first sitting White House official to join modern Fed’s board

Stephen Miran is chair of the White House’s Council of Economic Advisers. ERIC LEE FOR WSJ

By

Sam Goldfarb

and

Matt Grossman

Sept. 15, 2025 5:30 am ET

Two years ago, Stephen Miran’s career in finance seemed to reach a dead end. The investment firm he co-founded was closing, having never really gotten off the ground.

Now he is at the forefront of President Trump’s bid to remake the Federal Reserve.

Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue reading your article with
a WSJ subscription

Subscribe Now

Already a subscriber? Sign In

Advertisement

What to Read Next

Advertisement

Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.