Fed Governor Miran Resigns as CEA Chair

Federal Reserve Governor Stephen Miran resigned Tuesday as chair of the White House's Council of Economic Advisers, fulfilling a pledge he made to senators during his confirmation process. The move ends an unusual arrangement in which Miran held positions at both the independent central bank and the executive branch while on unpaid leave from the CEA.

Miran's departure, confirmed by White House spokesman Kush Desai, follows the expiration of his Fed term on January 31. Appointed by President Donald Trump in September 2025 to fill a vacancy on the seven-member Board of Governors left by former Governor Adriana Kugler, Miran completed her unexpired term but can continue serving until the Senate confirms a successor. During his confirmation hearings, Miran committed to stepping down from the CEA if his Fed tenure extended beyond January, a promise he reiterated in his resignation letter dated February 3.

"I promised the Senate that if I should stay on the Board past January, I would formally depart the Council," Miran wrote in the letter. "I believe it is important to stay true to my word while I continue to perform the job at the Federal Reserve to which you and the Senate...