MNI BRIEF: Fed Governor Miran Resigns White House Post

Federal Reserve Governor Stephen Miran has stepped down from his position as chair of the White House Council of Economic Advisers, MNI confirmed. 

Miran joined the Trump administration’s Council of Economic Advisers in January 2025. He had been on leave from this post since September 2025, when he became a member of the Federal Reserve Board of Governors. (See: MNI INTERVIEW: Fed’s Miran Sees Substantial Rate Cuts In 2026) 

The Fed governor took the seat vacated by Joe Biden appointee Adriana Kugler. Miran's term as a Fed governor has expired but will remain on the seat until there is a replacement. Democrats on the Senate Banking Committee have called on Miran to resign from the central bank now that his term has expired. 

“In accordance with the pledge he made to the Senate during his confirmation to the Federal Reserve’s Board of Governors, Stephen Miran has submitted his resignation from the Council of Economic Advisers," said White House spokesman Kush Desai. "Prior to the start of his Stephen’s leave last September, 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.”