Federal Reserve Board Governor Stephen Miran speaks on “Regulations, the Supply Side and Monetary Policy” at the Delphi Economic Forum lecture event on January 14, 2026 at the National Gallery in Athens, Greece.
Louise Gouliamaki | Reuters
Federal ReserveGov. Stephen Miran has resigned as chairman of the Council of Economic Advisers, CNBC has confirmed.
Miran joined the Trump administration’s Council of Economic Advisers in January 2025. He has been on leave since September 2025 — when he was a member of the Federal Reserve Board of Governors.
Miran was appointed in September to fill the unexpired term of former Gov. Adriana Kugler, who was appointed by Biden. resigned suddenly in August. Miran said at the time that he expected Kugler to serve out his term, which expires on Jan. 31, and then return to the CEA.
Since taking office at the Fed, Miran has pushed for aggressive interest rate cuts. He voted no in each of the four Federal Open Market Committee meetings he attended. Central bank policymakers cut the benchmark rate by a quarter percent three of the meetings; Miran demanded a deduction of half a point.
He is soon voted against Policymakers’ decision to keep rates steady at 3.5% to 3.75% at the January meeting. He wanted to cut rates by a quarter point.
In an interview with CNBC’s “Money Movers” on Friday, Miran noted that his seat will be the only vacancy on the board of governors. Kevin Warshwho is the president Donald Trump there is He was nominated as the chairman of the Fed.
Barron’s first reported Miran’s plans to leave CEA.
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