By Michael S. Derby

May 8 (Reuters) - Federal Reserve Governor Stephen Miran said on Friday that he hopes current central bank Chair Jerome Powell will only stay on as a governor for a short period of time.

“Transitions are important,” Miran said on Fox Business Network's program 'Mornings with Maria'. But, he said, “I think it's important to make sure that it's a transition period and that there's nothing sort of more nefarious” going on with Powell staying in his governor role when his term as chair ends on May 15.

Kevin Warsh is on track to succeed Powell as Fed leader pending a vote in the senate.