Stephen Miran resigns from the Federal Reserve Board, leaving a vacancy before his term ends January 31, 2026.
Federal Reserve Governor Stephen Miran has resigned, effective upon or before his successor’s swearing-in. Miran joined the board on September 16, 2025, filling an unexpired term set to conclude January 31, 2026.
His departure creates a vacancy on the seven-member board, which currently has one other opening. Miran’s term was not scheduled for renewal, as it was designated to fill a partial term ending early next year.
The resignation follows recent speculation about potential shifts in Fed leadership but was not accompanied by an immediate market reaction.