Fed governor Stephen Miran said he would relinquish his option to return to the CEA as its chairman one day after all 11 Democrats on the Senate Banking Committee asked him to resign his job as a Fed governor following the end of his term on Jan. 31. https://www.wsj.com/economy/central-banking/stephen-miran-temporary-fed-governor-resigns-from-white-house-role-57a08f8e?st=nim3mL&reflink=desktopwebshare_permalink Miran is eligible to stay in that seat until his successor (presumably it will be Fed chair-designate Kevin Warsh) is confirmed. Democrats had been highly critical of Miran's decision not to resign the CEA job when he became a Fed governor in September. Instead of resigning the Fed job at the conclusion of its term, Miran said Tuesday he would resign from the CEA, allowing him to remain at the Fed until Warsh is confirmed.(Nick Timiraos)