Miran exits CEA chair as Fed tenure winds down

Federal Reserve Governor Stephen Miran has resigned as chair of the Council of Economic Advisers, a White House post he briefly held after joining the CEA in January 2025 and taking leave in September 2025 to join the Fed Board; his Fed term expired on January 31. At the Fed he pushed for aggressive rate cuts and voted against holds, advocating larger reductions than the 0.25% moves the Fed delivered. In a CNBC interview, he noted his vacancy could clear the way for Kevin Warsh’s nomination as Fed chair. Elizabeth Warren criticized the timing, and Barron’s was the first to report the departure while CNBC sought comment.