Stephen I. Miran

Stephen I. Miran served as a Member of the Board of Governors of the Federal Reserve System from September 16, 2025, filling an unexpired term ending January 31, 2026. He submitted his resignation on May 14, 2026, effective when or shortly before his successor is sworn in. His recent speeches at the Fed addressed topics including the Fed's balance sheet, monetary policy, inflation, and stablecoins, including a address titled "A Global Stablecoin Glut: Implications for Monetary Policy."

Prior to joining the Board, Miran served as chairman of the Council of Economic Advisers under President Donald J. Trump. He previously worked as a senior strategist at Hudson Bay Capital Management and as a senior fellow at the Manhattan Institute for Policy Research. From 2020 to 2021, he served as senior adviser for economic policy at the U.S. Department of the Treasury. Before his Treasury role, he worked in financial markets for a decade. Miran holds a B.A. in economics, philosophy, and mathematics from Boston University and a Ph.D. in economics from Harvard University.