Federal Reserve Board Governor Stephen Miran speaks on “Regulations, the Supply Side, and Monetary Policy” during the Delphi Economic Forum Lecture event, at the National Gallery in Athens, Greece, January 14, 2026.
Louisa Gouliamaki | Reuters
Federal Reserve Governor Stephen Miran has stepped down from his position as chair of the Council of Economic Advisers, CNBC confirmed.
Miran joined the Trump administration’s Council of Economic Advisers in January 2025. He had been on leave from this post since September 2025 — when he became a member of the Federal Reserve Board of Governors.
When he became a Fed governor, Miran took the seat vacated by Biden appointee Adriana Kugler, who stepped down last August. Miran’s term at the central bank ended on Jan. 31.
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