How Trump’s Pick Stephen Miran Could Shake Up the Fed’s Next Meeting

WSJ What’s News

The Wall Street Journal

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4 • 4K Ratings

🗓️ 15 September 2025

⏱️ 14 minutes

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Summary

P.M. Edition for Sept. 15. Tonight the Senate will vote on whether to confirm economist Stephen Miran, Trump’s pick to join the Fed’s board of governors; if confirmed, Miran could attend the next Fed meeting, which kicks off tomorrow. WSJ markets reporter Sam Goldfarb joins us to discuss what we know about Miran, and what that might mean for the Fed’s decision on interest rates. Plus, the U.S. and China have reached a framework deal on TikTok, just days before the app was set to be banned in the U.S. And President Trump has called for an end to the requirement that companies report their earnings quarterly. We hear from Journal capital markets reporter Corrie Driebusch about who wants that, and why. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Protecting your nest egg, no matter what the market does, most people call that the smart money.
0:06.1	At American National Insurance Company, we call it a multi-year guarantee annuity.
0:11.3	Fund your annuity online at annuities.americanational.com.
0:18.3	The U.S. and China reach a framework deal for TikTok.
0:22.8	Plus, Stephen Myron, President Trump's pick for the Fed Board, is said to be confirmed by the Senate.
0:28.5	Myron hasn't said what he'll do, and he's said that he'll be independent.
0:32.7	But there's a lot of speculation that maybe he will be Trump's man on the inside.
0:41.2	And why Trump wants to get rid of quarterly earnings reports.
0:43.6	It's Monday, September 15th.
0:46.0	I'm Alex Osala for the Wall Street Journal.
0:52.0	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:00.4	U.S. and Chinese negotiators have reached a framework deal on TikTok, after two days of trade talks in Madrid and just days before the app was set to be banned in the U.S.
1:05.3	Until these meetings, Chinese authorities had not appeared to be keen to reach a deal.
1:09.9	The newfound flexibility is likely linked
1:12.0	to Beijing's intensifying efforts to secure a state visit from President Trump. It's still not clear
1:17.7	whether Chinese negotiators agreed to U.S. demands that TikTok's Chinese parent company,
1:22.2	ByteDance, sell its controlling stake to U.S. investors as part of the deal.
1:26.8	Treasury Secretary Scott Besant, who led the U.S. delegation, said the deal will be confirmed
1:31.6	by Trump and Chinese leader Xi Jinping after a call on Friday.
1:39.2	In a post-untruth social, President Trump said today that companies should no longer be required to report their earnings on a quarterly basis, as they done for at least the last 50 years. This isn't a new idea. In fact, it's one that Trump explored during his first term, but is gaining more traction now. WSJ Capital Markets reporter Corey Dreebush is here now with more.
2:00.1	Corey, last week on the show,
2:01.6	you were talking about the long-term stock exchange and its plan to petition the SEC to
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