Federal Reserve Vice Chairman for Supervision Michael Barr's resignation was tendered in order to avoid a possible clash with Trump over his role.
Michael Barr is out. The Federal Reserve’s Vice Chair for Supervision has announced he’s stepping down from the top regulatory job, effective February 28. The timing is unmistakably strategic. President Donald Trump,
In his letter of resignation, Federal Reserve Vice Chair for Supervision Michael Barr said an attempt by the Trump White House to remove him could create a "distraction" for the Fed. He plans to retain his seat on the Board of Governors,
Michael Barr will continue to serve on the Federal Reserve’s board of governors, the central bank said Monday.
The Federal Reserve official's surprise decision to step down in February raises questions about a key regulatory proposal targeted at the country's largest lenders.
Michael Barr's surprise announcement that he will step down as the Federal Reserve's chief regulator could ultimately mean little for the central bank's approach to regulation under the incoming Trump administration.
avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate. Fed governor Michael Barr said in a letter to President Biden that he would step down as ...
Bank stocks rose after Fed Vice Chair Michael Barr stepped down from his banking regulator role. Banks, investors are anticipating more lenient rules
avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate. Fed governor Michael Barr said in a letter to President Joe Biden that he would step down ...
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.