Federal Reserve governor Stephen Miran has stepped down from his position as chair of the White House’s Council of Economic Advisers, ending a controversial arrangement where he held positions at both institutions. His resignation was confirmed by White House spokesman Kush Desai late Tuesday. The move underscores the intrigue around the Fed and its upcoming personnel changes. President Donald Trump has nominated Kevin Warsh, a former Fed official, to replace current Fed chair Jerome Powell, whose term atop the central bank ends May 15.
