Stephen Miran, a member of the Federal Reserve’s board of governors, resigned as chair of the White House Council of Economic Advisers on Tuesday.
Miran was appointed to the Fed board in September, filling the vacancy left by Adriana Kugler when she resigned early from her governorship. He took an unpaid leave from the White House to work at the central bank, an unusual arrangement that initially raised questions about the central bank’s independence.
President Donald Trump has pressured the Fed for months to lower interest rates and stimulate the economy. Miran was one of two members — along with Christopher Waller, who had been a potential Fed chair pick — at last week’s Fed meeting who voted to lower interest rates by a quarter of a percentage point.