Federal Reserve Governor Jerome Milan said Wednesday that he would be "very happy" to remain at the Fed long-term if asked, but the decision is not his. Milan's term has expired, making it the only remaining position available for President Trump to nominate former Fed Governor Peter Warsh as his nominee for Fed chair, unless Fed Chairman Jerome Powell resigns when his term expires in mid-May. Powell has not yet indicated his intention to leave. In an interview, Milan stated, "What happens next this year depends on many factors: whether there is a vacancy, the president's choice, and the Senate's confirmation decision."