Fed Governor Stephen Miran Resigns After Less Than 8 Months on Board
Updated
Updated · Federal Reserve · May 14
Fed Governor Stephen Miran Resigns After Less Than 8 Months on Board
12 articles · Updated · Federal Reserve · May 14
Stephen I. Miran resigned from the Federal Reserve Board on Thursday, with his departure taking effect when or shortly before his successor is sworn in.
Miran had served since Sept. 16, 2025, after taking an unexpired term that was set to end on Jan. 31, 2026.
The resignation comes as Kevin Warsh moves toward taking over as Fed chair, with Miran backing the incoming leadership and its expected policy changes.
Before joining the Board, Miran chaired President Donald Trump's Council of Economic Advisers and previously held roles at the Treasury, Hudson Bay Capital Management and the Manhattan Institute.
With both Miran and Warsh pushing for a smaller Fed role, could the coming policy shift reshape how the central bank fights inflation and manages crises?
As the Fed faces AI-driven inflation and external shocks, will Warsh’s focus on forward-looking data and less intervention risk greater market instability?