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Federal Reserve governor Stephen Miran has stepped down from his position as chair of the White House's Council of Economic Advisers, ending a controversial arrangement where he held positions at both institutions. His resignation was confirmed by White House spokesman Kush Desai late on Tuesday. President Donald Trump appointed Miran in September to a seat on the Fed's seven-member board of governors after Adriana Kugler, who was appointed by President Joe Biden, abruptly resigned. Miran completed her term, which ended January 31. Yet he can remain on the Fed's board until a replacement is confirmed by the Senate. It is unusual for someone to keep a White House position while also serving as a Fed governor, a nonpartisan position. Previous presidents have appointed aides to the Fed, but for decades they gave up their White House positions before joining the Fed. Miran took an unpaid leave of absence instead. Miran said when he was named in September that he would step down from hi