[Federal Reserve Governor Milan Plans to Stay After Term Ends Until Successor is Confirmed]
Federal Reserve Governor Milan stated that it is highly likely he will remain in his position after his term ends at the end of January next year, until a new governor is confirmed. President Trump is considering candidates to replace Federal Reserve Chair Powell, who will step down in May, and is expected to use Milan's seat to place Trump's nominated chair candidate onto the board. On Monday, Milan said he expects to continue performing his duties until a successor is confirmed, and whether he will continue to dissent on interest rate decisions will depend on subsequent policy actions.