Fed’s Miran to Step Down as Governor on Warsh Swearing In

Federal Reserve Governor Stephen Miran said he will resign from the central bank effective once incoming Chair Kevin Warsh is sworn into office, or shortly before.

The move by Miran was expected given his seat on the Fed’s Board of Governors will be taken by Warsh.

In a letter announcing his resignation, Miran was critical of the Fed’s approach to measuring inflation and said if the central bank “doesn’t adjust for these errors, it will run unemployment higher than it has to, fighting fake rather than real inflation.”

Miran also said he’s excited about the changes that Warsh plans to ...