Fed's Stephen Miran resigns from White House post

• Miran served dual roles as Fed Governor and CEA chair before stepping down from the White House position
• His term as a Fed Board of Governors member ended on January 31, 2026
• He had been with the Council of Economic Advisers for approximately one year before his resignation

Fed Governor Stephen Miran Resigns from White House Post

Key Development:

Federal Reserve Governor Stephen Miran has resigned from his position as chair of the Council of Economic Advisers (CEA), according to CNBC confirmation.

Timeline of Events:

• January 2025: Miran joined the Council of Economic Advisers
• September 2025: Appointed to the Federal Reserve Board of Governors
• January 31, 2026: His Federal Reserve term expired
• Recent: Resigned from CEA chair position

Background:

Miran held dual roles, serving simultaneously as CEA chair (a White House advisory position) and as a Federal Reserve Governor. His Fed Board term was notably brief, lasting approximately five months before expiring at the end of January 2026.

Market Implications:

The resignation creates a leadership vacancy at the Council of Economic Advisers, the body responsible for advising the President on economic policy. This development comes at a critical time as markets navigate monetary policy decisions and economic uncertainty. The departure may signal potential shifts in White House economic policy direction or internal disagreements, though no specific reasons for the resignation have been disclosed.

Institutional Impact:

Both the Federal Reserve Board of Governors and the CEA now face vacancies that will require appointments. The dual nature of Miran's departure—from both his Fed term expiration and CEA resignation—could impact coordination between monetary and fiscal policy advisement.

*Note: This is a breaking news story with limited initial details. Further updates may provide additional context regarding the circumstances and implications of the resignation.*