Fed Governor Stephen Miran Resigns, Opening Seat for Kevin Warsh
Federal Reserve Governor Stephen Miran has resigned, effective immediately, creating a vacancy on the central bank's board. Miran's term had technically expired in January, making his seat the only available opening for incoming Fed chair Kevin Warsh, who is expected to be nominated by President Donald Trump. The resignation clears the path for Warsh to assume the leadership role without requiring the removal of a sitting governor. Miran, a Trump appointee, had served since 2022 and was known for his dovish monetary policy views. His departure marks a significant shift in the Fed's composition as the new administration seeks to reshape economic policy.
Key facts
- Stephen Miran resigned as Federal Reserve Governor.
- Miran's term expired in January.
- His seat is the only available opening for Kevin Warsh.
- Kevin Warsh is the incoming Fed chair.
- Miran was a Trump appointee.
- Miran served since 2022.
- The resignation facilitates Warsh's appointment.
- Miran held dovish monetary policy views.
Entities
Institutions
- Federal Reserve
Sources
- Quartz —