Federal Reserve Governor Milan Likely to Extend Term Until Successor Confirmed

According to ChainCatcher, Federal Reserve Governor Milan has indicated that he is likely to remain in his position after his term expires at the end of January next year, until a new governor is confirmed to fill his vacancy. Milan's decision to stay comes as U.S. President Donald Trump considers candidates to replace Federal Reserve Chair Powell, who is set to step down in May. Milan stated that whether he will continue to dissent on interest rate decisions will depend on the subsequent policy actions of the officials.