Milan Says He Would Be Happy to Continue at the Fed, Powell Becomes a Thorn in His Side

Odaily News Federal Reserve Governor Milan said on Wednesday that he would be "very happy" to stay at the Fed for a long time if asked, but the decision is not in his hands. Milan's term in his current position has expired, making this seat the only one President Trump could nominate his former Federal Reserve Governor Warsh for before appointing a Fed Chair. Unless Federal Reserve Chair Powell resigns from his position as a Fed Governor when his term as Chair expires in mid-May. Powell has not yet indicated his intentions regarding staying or leaving. In an interview, Milan stated: "The subsequent developments this year depend on multiple factors: whether a vacancy arises, the President's choice, and the Senate's confirmation decision."