Federal Reserve Governor Milan: May remain in office until a successor is confirmed by the end of January.
TL;DR
Federal Reserve Governor Milan may stay in office past his January term end until a successor is confirmed, amid Trump's consideration of candidates to replace Fed Chair Powell in May. His future stance on interest rate decisions will depend on upcoming policy actions.
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According to ChainCatcher, citing Jinshi, Federal Reserve Governor Milan stated that he is likely to remain on the board after his term expires at the end of January, until a new governor is confirmed to fill his vacancy. Milan's plan to remain on the board comes as Trump considers candidates to succeed Fed Chair Powell, who will step down in May. Milan said that whether he will continue to object to interest rate decisions in the future will depend on subsequent policy actions by officials.