That unusual arrangement drew criticism from Senate Democrats, who said it would make Miran too beholden to US President Donald Trump and threatened to undermine the Fed’s credibility because he didn’t fully sever ties to the White House.
(Feb 4): US Federal Reserve governor Stephen Miran has stepped down from his post leading the White House’s Council of Economic Advisers, according to a Trump administration official.
Miran, who has been serving at the Fed since September, took unpaid leave from his White House job when joining the central bank, suggesting that he could return to the CEA after his tenure at the Fed concluded.
