Stephen Miran Resigns from CEA

Stephen Miran, a United States — Federal Reserve governor, has resigned from his position as chair of the White House's United States — Council of Economic Advisers, ending a controversial dual role he held since September. Miran had taken an unpaid leave of absence from the United States — Council of Economic Advisers when he was appointed by Donald Trump to the United States — Federal Reserve board, filling a vacancy left by Adriana Kugler. He had pledged to the United States that he would formally depart the United States — Council of Economic Advisers if he remained on the United States — Federal Reserve board past January 31, which he has now fulfilled. This move addresses concerns raised by Democrats and others about the potential undermining of the United States — Federal Reserve's independence. Miran will continue to serve on the United States — Federal Reserve board until a successor is confirmed. The event also highlights upcoming personnel changes at the United States — Federal Reserve, with Donald Trump having nominated Kevin Warsh to replace Jerome Powell as United States — Federal Reserve chair.