Fed’s Miran says he’ll likely stay after term ends until his seat is filled – Bloomberg

Dec 22 (Reuters) – U.S. Federal Reserve Governor Stephen Miran on Monday said he is ‍likely to remain on the central bank’s Board of Governors beyond the expiration of his term until whoever President Donald Trump ‌nominates as the next ‌Fed chair is confirmed by the Senate.

“If nobody is confirmed in my seat by January 31, I assume ​that I will stay,” Miran said in an interview ‍on Bloomberg Television.

Miran ​joined the Fed in ​September after being appointed by ‍Trump to serve the remaining few months of a 14-year board term after Adriana Kugler resigned as a Fed governor ‍unexpectedly in August. His term expires on January 31, but Miran may ‍remain ‍until a successor is ​confirmed by the Senate.

Trump ​is ⁠weighing whom to appoint ‌to the Fed as a successor to Fed Chair Jerome Powell, whose term as the central bank’s leader expires in May.

(Reporting By ⁠Dan Burns; )