Trump Federal Reserve Pick Honors Pledge To Give Up Conflict Of Interest

Trump-appointed Federal Reserve Gov. Stephen Miran stepped down as chair of the Council of Economic Advisors (CEA) on Tuesday, the 🏢Daily Caller News Foundation has confirmed.

Miran first joined the CEA in January 2025, and later was placed on leave from the role beginning in September 2025 after he officially became a member of the Fed’s Board of Governors following former Fed Gov. Adriana Kugler’s sudden resignation, CNBC reported Tuesday. White House spokesman Kush Desai told the DCNF in a statement on Wednesday that “in accordance with the pledge he made to the Senate during his confirmation to the Federal Reserve’s Board of Governors, Miran has submitted his resignation from the Council of Economic Advisers.”

“Prior to the start of … Stephen’s leave last September, his brilliant insights and powerful advocacy on behalf of the President made him an enormous asset for the White House, and he established himself as a key member of the Trump administration’s economic team,” Desai continued.

Miran wrote in his resignation letter to President Donald Trump on Tuesday that serving as chairman of the CEA had been “the honor of a lifetime,” according to a copy of the letter obtained by the DCNF.