Fed Governor Stephen Miran Resigns From White House Post

Federal Reserve Governor Stephen Miran has resigned from his role as chair of the White House’s Council of Economic Advisers (CEA), a White House spokesperson confirmed on Feb. 3.

Miran was confirmed as CEA chair in a 53–46 Senate vote in March 2025. He took unpaid leave from this post in September 2025 after President Donald Trump appointed him to fill the unexpired term of former Fed Governor Adriana Kugler, who resigned in August 2025.
Miran continues to serve on the Federal Reserve Board despite his term ending on Jan. 31, and may remain in the position until the Senate confirms a replacement.

White House spokesman Kush Desai said in an emailed statement that Miran has now resigned from the CEA in line with a pledge he made during his confirmation for the Fed position. Miran had promised to leave the CEA if he stayed past the end of his term on the Board.
Desai praised Miran’s work at the CEA, saying that “his brilliant insights and powerful advocacy on behalf of the President made him an enormous asset for the White House, and he established himself as a key member of the Trump administration’s economic team.”

Miran’s resignation at the CEA came as some Democratic members of the Senate Banking, Housing, and Urban Affairs Committee urged him to step down from the Fed following the expiration of his term.

In a Feb. 2 letter, the lawmakers said his service at the Fed lacked independence from the White House, citing his voting record and public remarks they said supported Trump’s immigration and trade policies.
“You are serving in holdover status and have implied an intention to stay indefinitely,” the letter stated. “Your extended tenure at the Federal Reserve has only compounded what was an improper arrangement from the outset, and this dual employment must end.”

Miran previously worked as a former senior strategist at Hudson Bay Capital Management and senior fellow at the Manhattan Institute for Policy Research. He also served as a senior adviser for the Treasury Department during Trump’s first term.

Meanwhile, Trump announced last week that he was nominating former Federal Reserve Governor Kevin Warsh as the next chairman of the U.S. central bank.
“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. On top of everything else, he is ‘central casting,’ and he will never let you down,” the president said on Truth Social.

Warsh worked as special assistant to the president for economic policy during the Bush administration, from 2002 to 2006. He was also the executive secretary of the National Economic Council.

Warsh was also one of Trump’s top picks for Fed chair during his first term, before he chose Jerome Powell.