Federal Reserve Governor Milan: May remain in office after her term expires at the end of January, until a successor is confirmed.

Odaily Planet Daily reports that Federal Reserve Governor Jerome Milan indicated he is likely to remain in his post 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 President Trump considers candidates to succeed Fed Chair Jerome Powell, who will step down in May. Since Powell has not yet indicated whether he will resign after his term ends, Trump is expected to use Milan's seat to place his nominee on the board. Trump has hinted at a possible decision on the chair by early next year and has made it clear he will only choose someone who supports his stance on significant interest rate cuts. Milan stated on Monday, "I expect to continue in this position until someone else is confirmed to succeed me." However, Milan noted that whether he will continue to dissent on interest rate decisions will depend on subsequent policy actions by officials. (Jinshi)