What Will the Federal Reserve Look Like in 2026?

Key Takeaways There's also the question of what will happen with current board member Stephen Miran, whose term ends in January 2026. Miran has consistently advocated for aggressive interest rate cuts during his term on the board. He is serving the remaining term of former Governor Adriana Kugler and could return to his role as chairman of the White House Council of Economic Advisers, which he left to take the short-term appointment as a Fed governor. Significant changes are anticipated for the Federal Rese ...