In the United States, Stephen Miran recently stepped down from his role as chair of the White House's Council of Economic Advisers. His resignation came as he committed to fully focusing on his role as a Federal Reserve Governor, a position he was appointed to by President Donald Trump in August 2023, after the departure of Adriana Kugler. Miran's decision followed through on a promise he had made to the Senate, stating that if he continued on the Federal Reserve Board past a certain date, he would resign from the Council. Given the Federal Reserve Act's stipulation that board members should serve full-time, Miran chose to prioritize his responsibilities at the Federal Reserve over his role in the White House. His departure marks the end of a unique situation where he held positions in both the Fed and the White House simultaneously, a practice which is rarely seen in recent years. The Trump administration's reshaping of the Federal Reserve's leadership continues as it grapples with various economic challenges, including an ongoing criminal investigation into former Fed Chair Jerome Powell's congressional testimony. Following his resignation, Miran’s contributions while at the Council, including his insights and advocacy for economic policies, were noted by White House representatives. He was appreciated as a valuable member of Trump's economic team until his leave of absence, which began last September. His resignation also serves as a part of the changes happening at the Federal Reserve, with President Trump nominating Kevin Warsh to replace Powell amid the backdrop of these ongoing issues.