Fed Governor Miran to resign as Warsh becomes chair
Fed Governor Stephen Miran will resign to allow Kevin Warsh to take his seat as chair. Miran’s term expired in January and he frequently sought lower rates.
Xurve View
Xurve View
Stephen Miran will resign from the Federal Reserve Board on or just before Kevin Warsh is sworn in as the next chair. The move clears a necessary seat on the seven-member board for Warsh following his Senate confirmation this week. Warsh's nomination resolves a structural requirement: Miran's term technically expired in January, but the board remained at full capacity.
