Federal Reserve's Stephen Miran Leaves After 71-Year Shortest Tenure

AI Summary

Federal Reserve Governor Stephen Miran is set to exit after the shortest tenure in 71 years. He served from September 2025 and dissented at all six Fed meetings he attended, advocating for rate cuts beyond the Fed's actions. Miran contended that interest rates were too high, suggesting the need for a cut of up to 100 basis points this year. His departure paves the way for incoming Chair Kevin Warsh, who shares some of Miran's views on economic policy.