On May 8, Federal Reserve Governor Milan stated on Friday that he hopes current Fed Chair Powell will only briefly remain as a governor after stepping down from the chairmanship. Milan remarked, "I think it is important to ensure that this is just a transitional phase, rather than having some ulterior motive behind Powell's continued role as a governor." Following last week's meeting, Powell indicated that he would continue to serve as a Federal Reserve governor for a period after his chairmanship ends, with his term as governor lasting until 2028. He expressed a desire to see if the Trump administration's legal attacks on the Fed would cease. While Powell's continued presence on the Fed Board could provide a counterbalance to support the status quo amid the Walsh plan for Fed reform, Powell stated last week, "I do not want to be a high-profile dissenter or anything like that." Milan emphasized, "It is important to ensure that this is a transitional phase and to avoid creating divisions of loyalty within the Fed," and to prevent "uncertainty about who is in charge." He added, "This is also why I believe that while Powell's continued presence may help with the transition, we still need to ensure that this is just a transitional period." (Jinshi)