Fed Governor Miran Resigns White House Role After Senate Pledge

Federal Reserve Governor Stephen Miran has resigned from his role at the White House, ending a brief and closely scrutinized White House–Fed overlap, according to a Reuters report published on Tuesday.

Miran stepped down as chair of the White House Council of Economic Advisers after his term as a Federal Reserve governor extended beyond its scheduled January 31 end date.

He had been serving in the White House role while on unpaid leave following his appointment to the Fed by President Donald Trump in September, a move closely tied to Donald Trump economic policy priorities.

• Fed Governor Stephen Miran quits White House role after Senate pledge
• Miran exits White House, stays on Fed board pending successor
• Resignation reignites debate over Federal Reserve independence

In a letter confirming the Stephen Miran resignation, Miran said he was honoring a commitment made during his U.S. Senate confirmation process. He had pledged to leave the White House position if he remained on the Fed’s Board of Governors beyond January. Under U.S. law, a Fed governor may stay in office until a successor is confirmed by the Senate, leaving a temporary Federal Reserve Board vacancy.

The dual appointment drew criticism from Democratic lawmakers and former central bank officials, who argued that holding positions in both institutions risked undermining Fed independence debate concerns. The independence of the Federal Reserve remains central to shielding U.S. monetary policy pressure from political influence.

President Trump has nominated former Fed official Kevin Warsh, marking the Kevin Warsh nomination as a key step in reshaping the board, though the decision still awaits Senate approval. Until confirmation, Miran remains formally on the board despite exiting his White House post.

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Miran was known for advocating lower interest rates, a position aligned with Trump’s criticism of restrictive monetary policy. His departure coincides with broader scrutiny of U.S. central bank leadership crisis, as Fed Chair Jerome Powell faces a Jerome Powell investigation, while Governor Lisa Cook is engaged in a separate legal dispute.