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.