Trump adviser Stephen Miran quits White House role to stay on at Fed
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Stephen Miran resigned as chair of the White House's Council of Economic Advisers (CEA) to remain at the Federal Reserve. He had been on unpaid leave from the CEA since his appointment to the Fed board in September 2023, a move that drew criticism from Democratic senators. Miran pledged to resign from the CEA if his Fed role extended beyond January 2024, fulfilling that promise in a resignation letter dated Tuesday. Donald Trump has nominated Kevin Warsh to succeed Jerome Powell as Fed chair, but Miran can serve until a successor is confirmed. The White House has not commented on a permanent replacement for Miran at the CEA.
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