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Miran, top Fed advocate for rate cuts, turns the page
Key takeaways
- Miran submitted his resignation letter to the president May 14, which said it was effective when Kevin Warsh is sworn in as the next Chair of the central bank.
- The letter also outlined Miran’s accomplishments during his temporary tenure, especially his insistence on the appropriate monetary policy that the Fed must adopt to counteract biases in the way it measures inflation.
- “If the Federal Reserve doesn't adjust for these errors, it will run unemployment higher than it has to, fighting fake rather than real inflation.
Miran, top Fed advocate for rate cuts, turns the page Mary Helen Gillespie Sun, May 17, 2026 at 6:00 AM GMT+7 5 min read Fed Governor Stephen Miran, President Donald Trump’s top ambassador for drastically lowering interest rates since joining the central bank last fall, is moving on.
Miran submitted his resignation letter to the president May 14, which said it was effective when Kevin Warsh is sworn in as the next Chair of the central bank.
The letter also outlined Miran’s accomplishments during his temporary tenure, especially his insistence on the appropriate monetary policy that the Fed must adopt to counteract biases in the way it measures inflation.
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