Fed’s Miran Says He’ll Likely Stay Until Replacement Confirmed

Federal Reserve Governor Stephen Miran said he’ll likely remain at the central bank after his term expires at the end of January, until a new appointee is confirmed to fill his seat.

Such a move would be permitted under the law that governs the Fed. Miran’s plans to remain on the Board of Governors come as President Donald Trump weighs whom to pick to replace Fed Chair Jerome Powell, whose term leading the institution ends in May.