US EditionFed's Miran resigns from White House job
Stephen Miran resigned as Council chair to honor his Senate pledge while continuing on the Federal Reserve Board until a successor is confirmed, a White House spokesman said.
- 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.
48 Articles
48 Articles
Fed Governor Miran quits White House job
WASHINGTON: Federal Reserve Governor Stephen Miran resigned on Tuesday (Feb 3) from his position as chair of the White House's Council of Economic Advisers, fulfilling a pledge he made to the Senate as his assignment at the central bank becomes longer-lasting.Miran had been on unpaid leave from his CEA post s
Associated Press News
Federal Reserve governor Miran steps down from White House post
Federal Reserve governor Stephen Miran has stepped down from his position as chair of the White House’s Council of Economic Advisers, ending a controversial arrangement where he held positions at both institutions.
Stephen Miran, one of Trump’s top economists, resigns from White House advisory role
Stephen Miran, one of Donald Trump’s top economists, has stepped down as chair of the White House Council of Economic Advisers, ending an unusual overlap with his recent role at the US Federal Reserve.
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