BREAKING: FED Member Stephen Miran, Appointed by Donald Trump, Has Announced His Resignation

A notable departure has occurred at the FED. The FED announced that Board member Stephen I. Miran has resigned from his position. According to the institution’s statement, Miran’s resignation will take effect at or immediately before Kevin Warsh is sworn in as FED Chairman.

Stephen Miran began his term on the Federal Reserve Board of Governors on September 16, 2025, filling a vacant seat that was due to expire on January 31, 2026. Miran’s departure signals an acceleration of changes within the Fed’s leadership as the Kevin Warsh administration prepares for the new leadership.

This step was necessary because there was no other vacant seat for Warsh to fill on the seven-member board of directors, and Miran’s term had technically expired in January.

The FED statement also included details of Miran’s past roles. Before joining the Fed, Miran served as the chair of the Council of Economic Advisers during the administration of US President Donald Trump. He also worked as a senior strategist at Hudson Bay Capital Management and as a senior researcher at the Manhattan Institute for Policy Research.

*This is not investment advice.