Stephen Miran, who took an unpaid leave of absence from his role as chairman of the Trump administration’s Council of Economic Advisers to fill a vacancy on the Federal Reserve’s Board of Governors, has resigned his White House position. Miran has been on leave from...
Federal Reserve Gov. Stephen Miran is calling on the central bank to cut interest rates by 150 basis points during 2026. According to a Reuters report, Miran insisted the central bank should move with greater vigor on rate cuts as inflation moves closer to its desired...
The reason behind the abrupt and unexplained resignation of former Federal Reserve Board Gov. Adriana Kugler in August has been revealed. CNBC, citing information from “unnamed Fed officials familiar with the matter,” reports Kugler’s departure was the result of an...
The Federal Reserve enacted its first rate cut since December with a quarter-percentage point lowering the target range for the federal funds rate to 4% to 4.25%. The vote by the central bank’s Federal Open Market Committee was nearly unanimous. The only dissent was...
The Federal Reserve’s policy making Federal Open Market Committee will convene on Tuesday with Lisa Cook remaining on the central bank’s Board of Governors and Stephen Miran temporarily filling a vacancy on that body. A federal appeals court rejected...