Wash to Replace Fed Board Governor Milan's Seat

BlockBeats News, March 5th, White House officials have now confirmed that Kevin Wash will take over the seat of Federal Reserve Director Milan. The White House had previously submitted Wash's nomination to the Senate for the position of Federal Reserve Chair.

Note: After Powell steps down as Federal Reserve Chair in May, he may still occupy a Federal Reserve Board seat. Milan, who is currently serving as interim director, is considered a "placeholder," but Milan has also expressed willingness to continue serving as a director. (Krypton Capital)