March 18 (Reuters) - Federal Reserve Chair Jerome Powell ‌said on Wednesday he ‌will stay on as central ​bank leader if his successor is not confirmed by May, when his current ‌chair term ⁠ends.

“If my successor is not confirmed by ⁠the end of my term as chair, I ​would serve ​as ​chair pro-tem” until ‌a successor is confirmed, Powell said in a press conference following the latest Fed meeting.

He said that ‌is what the ​law calls ​for and “that's ​what we've done ‌on several occasions, ​including involving ​me, and that's what we're going to do ​in ‌this situation.”

(Reporting by Michael ​S. Derby; Editing by ​Chris Reese)