world-economy

Fed Governor Miran to Exit When Warsh Takes Chair

Federal Reserve Governor Stephen Miran announced his resignation will take effect upon Kevin Warsh's swearing-in as chair, or shortly before. Warsh won Senate confirmation in the narrowest vote on record for a Fed chair appointment, marking the most contentious central bank leadership transition in decades. The incoming chair has previously signaled openness to interest rate cuts, though rising inflation pressures complicate that stance. Miran's departure follows Warsh's confirmation and sets the stage for significant policy shifts at the institution. The transition reflects intensifying political scrutiny of Federal Reserve independence at a critical moment for monetary policy.