Federal Reserve's Stephen Miran Resigns from White House Role

Federal Reserve Governor Stephen Miran resigned from the White House's Council of Economic Advisers. Reported by Barron's, Miran had been on unpaid leave since President Trump appointed him to the Fed's Board of Governors. His resignation complies with a promise made to the Senate.

Federal Reserve Governor Stephen Miran announced his resignation from the White House's Council of Economic Advisers, as confirmed by a White House spokesperson on Tuesday.

According to reports from Barron's, Miran had been on unpaid leave from his Advisory position since being appointed by President Donald Trump last year to fill a vacancy on the Federal Reserve Board of Governors.

Miran has decided to honor his promise to the Senate, stepping down ahead of the January term expiration while continuing his role until a successor is confirmed. In related news, President Trump nominated Kevin Warsh as the next chair of the central bank.

(With inputs from agencies.)