Federal Reserve Governor Steps Down from Economic Post
Stephen Miran stepped down as chair of the Council of Economic Advisers. He remains a Federal Reserve governor.
He promised the Senate he would leave the Council of Economic Advisers. He will stay as Federal Reserve governor. He continues until a new Federal Reserve chair is confirmed.
Klear Note — The Council of Economic Advisers helps the president with economic policy. The Federal Reserve controls US interest rates and money supply.
Key Terms 3
- Council of Economic Advisers A group that gives the President advice about money and jobs.
- Federal Reserve governor A leader who helps run the Federal Reserve, which controls US money and banks.
- Federal Reserve chair The top leader of the Federal Reserve bank system.