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Trump’s inside man fails to get the job done

Stephen Bartholomeusz Senior business columnist September 18, 2025 — 11.56am

Fireworks were expected from this week’s Federal Reserve Board meeting. Instead, there was a dampish squib.

After the last-minute rush to install a Trump senior economic adviser, Stephen Miran, on the board and a failed attempt to oust another governor, Lisa Cook, there were expectations that the meeting would be a fractious affair, with Miran lining up with two other Trump-appointed governors to try to deliver a larger-than-expected interest rate cut.

Instead, Miran found himself a lone dissenter , with the other Trump appointees, Christopher Waller and Michelle Bowman, joining the rest of the committee in

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