Fed Governor Miran Likely to Stay Beyond Term Till Successor Confirmed

U.S. Federal Reserve Governor Stephen Miran said on Monday that he is likely to remain on the Federal Reserve’s Board of Governors beyond the end of his term if the U.S. Senate has not confirmed a successor, a move that would help avoid a vacancy at the central bank during a period of policy and leadership transition.

Miran, who joined the Fed earlier this year to complete the remainder of a term vacated by former governor Adriana Kugler, said his current term is scheduled to end on January 31, 2026. However, under U.S. law, Fed governors are permitted to continue serving until their replacements are formally confirmed.

“If no one has been confirmed to fill my seat by the end of my term, I expect that I will remain in the role,” Miran said in an interview on Monday, noting that the provision is designed to preserve continuity in monetary policymaking and governance at the central bank.

• Fed Governor Stephen Miran may remain on board past term end
• Miran signals continuity at Federal Reserve amid leadership transition
• Fed board vacancy unlikely as Miran stays until successor confirmed

His remarks come as attention builds around upcoming leadership changes at the Fed. The term of current Fed Chair Jerome Powell is set to expire in May 2026, and President Donald Trump is expected to begin weighing potential nominees in the coming months. Any nomination would require Senate confirmation, a process that can extend for several months.

Miran has drawn attention within policy circles for his views on interest rates. In recent Federal Open Market Committee meetings, he has argued for larger interest rate cuts than those supported by the majority of policymakers, citing cooling inflation and signs of slowing economic momentum. He has dissented multiple times, positioning himself as one of the more dovish voices on the committee.

His continued presence on the board could influence internal policy debates as the Fed weighs the timing and scale of future rate moves. Still, Miran stressed that his decision to stay on beyond his term, if required, would be procedural rather than political.

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The length of any extension would depend on how quickly the White House nominates, and the Senate confirms, a successor to occupy his seat on the Fed’s seven-member board.