FEDERAL RESERVE GOVERNOR MIRAN RESIGNS FROM WHITE HOUSE POSITION. (PHOTO).

 Federal Reserve governor Miran resigns from White House position

 Federal Reserve governor Stephen Miran has resigned as chair of the White House’s Council of Economic Advisers, ending a rare arrangement in which he simultaneously held posts at both the Fed and the White House. The resignation was confirmed Tuesday by White House spokesman Kush Desai.

Miran was appointed to the Fed’s seven-member board of governors by President Donald Trump in September, filling the remainder of Adriana Kugler’s term, which ended Jan. 31. While he steps down from the CEA, he can continue serving on the Fed board until a Senate-confirmed replacement is named. Holding a White House role while serving as a Fed governor is highly unusual; past administrations generally required officials to leave their White House positions before joining the central bank. Miran had taken an unpaid leave from the CEA when he joined the Fed and had pledged to resign from the council if he remained on the board past Jan. 31.

Fed governors play key roles in setting interest rates and overseeing bank regulations. Desai emphasized that Miran’s resignation fulfills the pledge he made to the Senate during his confirmation. The move comes amid broader Fed leadership shifts, including Trump’s nomination of former Fed official Kevin Warsh to replace chair Jerome Powell when his term ends May 15. Due to the Fed’s structure, Powell could remain on the board after his term as chair, potentially delaying Trump’s ability to install a new member. Many analysts expect Warsh to succeed Miran’s seat first and then assume the chairmanship, though the timeline has not yet been finalized.