Stephen Miran, governor of the US Federal Reserve, during a Bloomberg Television interview in New York, on December 22, 2025. Miran was confirmed by the Senate to serve at the Fed while keeping his role at the White House through an unpaid leave, an unusual arrangement. In his letter dated Tuesday, Miran wrote that he had promised senators he would leave the White House should he remain at the Fed past January. Because of Fed rules, though, only a sitting Fed governor can assume that post as chair – and there are no open governor spots. He has dissented at four meetings as a Fed governor, in favor of bigger rate cuts.

Source: CNN February 04, 2026 02:24 UTC