Washington —
The Federal Reserve’s newest policymaker has an unconventional perspective on the US economy that’s proving tough to sell.
In September, President Donald Trump appointed Stephen Miran, one of his top economic advisers, to temporarily fill a vacated seat on the Fed’s powerful Board of Governors. So far, Miran has participated in two Fed meetings — and broken ranks with the vast majority of Fed officials each time.
At the central bank’s October policy meeting, Miran dissented from Fed officials’ decision to lower interest rates by a quarter point, backing a larger, half-point cut instead, just as he did in September.
He hasn’t wasted any time to leave a first impression in other ways, too.
In his first m
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