Odaily Planet Daily reports that Jay Hatfield, CEO of New York Infrastructure Capital Management, noted that Milan's appointment as an interim Fed governor is somewhat unusual, given his previous role as Chairman of the President's Council of Economic Advisers and his history of controversial and even difficult-to-justify remarks, such as forcing people to buy Treasury bonds. However, he believes this will not affect his responsibilities as a Fed governor. The position is not ideal, and serving as a short-term governor is not a particularly attractive opportunity. This decision is quite pragmatic, as it is difficult to recruit someone from the private sector for such a short term. While the focus remains on the Fed chair nomination, Milan's appointment will put more pressure on Powell to cut interest rates.