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Fed's Miran resigns from White House job
- On Tuesday, Federal Reserve Governor Stephen Miran resigned as chair of the White House's Council of Economic Advisers, White House spokesman Kush Desai confirmed, with Barron's first reporting the departure.
- After telling the Senate he would depart if he stayed on past Jan. 31, Stephen Miran submitted his resignation from the CEA, having been on unpaid leave since President Donald Trump appointed him last year.
- President Donald Trump appointed Miran in September to a seat on the Fed's seven-member board after Adriana Kugler resigned, which is unusual for White House aides to retain roles while serving as Fed governors.
- Powell could remain on the Fed board after his chair term ends, complicating succession as Trump announced plans to nominate Kevin Warsh, who many expect to take Miran's seat then replace Powell.
- Miran's resignation underscores intrigue around upcoming Fed personnel changes, which could influence interest-rate and regulatory votes as Jerome Powell's term ends May 15.
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Federal Reserve's Stephen Miran Resigns from White House Role
Federal Reserve Governor Stephen Miran resigned from the White House's Council of Economic Advisers. Reported by Barron's, Miran had been on unpaid leave since President Trump appointed him to the Fed's Board of Governors. His resignation complies with a promise made to the Senate.
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Coverage Details
Total News Sources8
Leaning Left2Leaning Right0Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 29%
C 71%
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