On September 16, 2025, Dr. Stephen I. Miran took the oath of office as a member of the Board of Governors of the Federal Reserve System. The oath was administered by Judge Elizabeth L. Branch of the United States Court of Appeals for the Eleventh Circuit.

Before joining the Board, Dr. Miran was chairman of the Council of Economic Advisers under President Trump and served as a senior adviser for economic policy at the U.S. Treasury from 2020 to 2021. He also worked as a senior strategist at Hudson Bay Capital Management and a senior fellow at the Manhattan Institute for Policy Research, bringing a decade of financial markets experience to his roles in government and policy.

President Trump nominated Dr. Miran and was confirmed by the Senate on September 15, 2025. His term as a member of the Board ends on January 31, 2026.

The Federal Reserve’s press release can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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