Fed’s Stephen Miran Resigns From White House Econo

Federal Reserve Governor Stephen Miran has resigned from his position as chair of the White House Council of Economic Advisers (CEA), CNBC confirmed on Tuesday.

Miran joined the CEA in January 2025 but had been on leave from the role since September 2025, when he was appointed to the Federal Reserve Board of Governors. He was selected to fill the unexpired term of former Fed Governor Adriana Kugler, which ended on January 31.

At the time of his confirmation, Miran told lawmakers he would step down from the CEA if his service at the Federal Reserve extended beyond that date.

“In accordance with the pledge he made to the Senate, Stephen Miran has submitted his resignation from the Council of Economic Advisers,” White House spokesman Kush Desai said in a statement.

Miran served on the Fed during a period of intense debate over interest rate policy. He consistently supported aggressive rate cuts and voted against the majority at every Federal Open Market Committee meeting he attended.

At the Fed’s January meeting, Miran opposed the decision to keep interest rates unchanged in a range of 3.5% to 3.75%, arguing for a quarter-point cut. In earlier meetings, he pushed for half-point reductions when policymakers opted for smaller moves.

Miran’s departure leaves an open seat on the Fed’s Board of Governors. President Donald Trump has said he plans to nominate former Fed Governor Kevin Warsh as a future central bank chair, though no formal nomination has been made.

Senator Elizabeth Warren, a Democrat from Massachusetts, criticised the move, saying Miran’s resignation came “141 days too late.”

Barron’s first reported Miran’s plan to leave the White House advisory role.