Milan Expresses Willingness to Continue Serving on the Federal Reserve, Powell Becomes a "Nail in the Eye"

GateUser-6433627c · 2026-02-12T00:16:43+00:00

Federal Reserve Board member Milan has expressed willingness to serve long-term, but the decision is not in his hands. His current term has expired, and the seat has become a candidate nomination for Trump-appointed Waugh. It is still unclear whether Powell will stay or leave when his term expires, as future circumstances will depend on multiple factors, including vacancy openings and the President's choices.

GateUser-6433627c

2026-02-12 00:16:43

Abstract generation in progress

On February 12, Federal Reserve Board member Michelle Bowman stated on Wednesday that if asked, she would be “very willing” to serve a long-term term at the Federal Reserve, but the decision is not in her hands. The term for the position she currently holds has expired, making this seat the only one President Trump could have nominated Fed Chair Jerome Powell for before Powell’s appointment. This is unless Fed Chair Powell resigns from his Fed Board position when his term expires in mid-May. Powell has not indicated his intentions to stay or leave. In an interview, Bowman said, “The developments later this year depend on multiple factors: whether a vacancy arises, the choice of the U.S. President, and the Senate confirmation decision.” (Jin10)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.