Stephen Miran

Stephen Miran is a governor at the Federal Reserve (Fed). He recently resigned from his position as chair of the White House's Council of Economic Advisers (CEA). This resignation fulfills a pledge he made to the Senate, as his term at the Fed is becoming longer-lasting. Miran had been on unpaid leave from the CEA since being appointed to the Fed's board of governors by Donald Trump to fill an unexpected vacancy. The Fed, including figures like Jerome Powell, has been in the news for holding interest rates steady despite pressure from then-President Trump for cuts. This independence and the focus on economic data, even amidst geopolitical events, highlights the Fed's commitment to its goals, and Miran's decision to fully commit to his role at the Fed underscores this commitment.