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Fed Governor Stephen Miran to exit, making way for Chair Kevin Warsh with shared views on inflation and policy.

Market News
15 May 2026
CNBC
View Source
Neutral
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Stephen Miran, a Federal Reserve Governor known for dissenting calls for lower interest rates, is set to leave the Fed soon, making room for newly confirmed Chair Kevin Warsh. Miran defended his tenure, emphasizing his belief in lower rates and deregulation as tools to reduce inflation. Warsh shares Miran's views on focusing on underlying inflation rather than temporary supply shocks like tariffs or geopolitical events. Miran's departure marks the end of a short but impactful term, with potential for him to return and continue influencing Fed policy alongside Warsh.

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