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Fed Vice Chairman for Supervision Barr to Resign, Paving the Way for Trump to Reshape Financial Regulation
Summary: The Federal Reserve's top regulatory official, Michael Barr, announced on Monday that he will resign in the coming weeks, clearing the way for President-elect Trump to reshape federal bank regulation. Barr, who has served as the Fed's vice chairman for supervision since 2022, said he would resign on February 28 or earlier if his successor ...
The Federal Reserve's top regulatory official, Michael Barr, announced on Monday that he will resign in the coming weeks, clearing the way for President-elect Trump to reshape federal bank regulation.
Barr, who has served as the Fed's vice chairman for supervision since 2022, said he would resign on February 28 or earlier if his successor is confirmed, and he will continue to serve as a member of the Federal Reserve Board.
Michael Barr is seen as a key figure in limiting banks' involvement in cryptocurrencies and has been calling for stablecoin regulation over the past year. His term was originally scheduled to end in 2026.
Tags: Fed,Michael Barr
Link: Fed Vice Chairman for Supervision Barr to Resign, Paving the Way for Trump to Reshape Financial Regulation [Copy]
