Miran exits White House post to stay on Fed board as Warsh eyed for chair
Federal Reserve governor Stephen Miran has resigned as chair of the White House Council of Economic Advisers to honor a pledge if he stayed on the Fed past January, and will remain on the Fed board until a successor is confirmed. Trump has nominated former Fed governor Kevin Warsh to be the next Fed chair, a move that would replace Miran on the board, with acting chair Pierre Yared considered for permanence. The piece also notes ongoing DOJ investigations into Powell and Lisa Cook and Democratic opposition to Warsh’s nomination.