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Then-Federal Reserve governor Stephen Miran speaks during an IMF and World Bank Spring Meetings event in Washington, D.C. earlier this year. Photo: Aaron Schwartz/Bloomberg via Getty Images

Former Federal Reserve governor Stephen Miran is returning to Hudson Bay Capital Management as a senior strategist in his first role since leaving the Fed in May.

The big picture: Miran returns to the hedge fund with a rare insider view of the White House's economic agenda and the Fed's interest rate-setting debates after serving as President Trump's top economist and the central bank's most persistent advocate for lower rates.