Stephen Miran steps down from Trump advisory role
Stephen Miran, a former governor of the U.S. Federal Reserve, has resigned from his position as an economic adviser to former President Donald Trump, the White House confirmed on Tuesday. The decision follows the end of an arrangement that had drawn criticism over potential conflicts of interest between the executive branch and the central bank.
Miran had taken unpaid leave from the Council of Economic Advisers (CEA) when he joined the Federal Reserve in late 2025, pledging to step away fully once his advisory mandate expired. His resignation fulfills that commitment, according to U.S. officials.
The arrangement had been controversial from the outset. Democratic lawmakers and economists raised concerns that holding roles linked to both the White House and the Fed could undermine the central bank’s independence, particularly at a time when Trump repeatedly called for lower interest rates.
During his tenure at the Federal Reserve, Miran was known for supporting a more accommodative monetary policy than many of his peers. His term formally ended in late January, though he may remain in office temporarily until a successor is confirmed by the Senate.
Trump has nominated Kevin Warsh to replace current Fed Chair Jerome Powell, whose term expires in May. The confirmation process is expected to take several months, keeping the future leadership of the central bank under close political and market scrutiny.
Miran’s resignation from the advisory role is seen as an effort to defuse criticism and restore clearer boundaries between monetary policy and political influence.
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