Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the ...
Federal Reserve Vice Chair of Supervision Michael Barr's decision on Monday to resign early from his regulatory oversight role sets up an early test of how Donald Trump will try to shape the U.S.
Trump appoints a successor, the Fed said on Monday. Mr. Barr will continue to serve on the central bank’s Board of Governors. But in an interview, Mr. Barr said the decision to leave his role as ...
A top Federal Reserve official who is the government’s most influential banking regulator stepped down from his leadership role after advisers of President-elect Donald Trump seriously weighed ...
Among the many questions that banks have ahead of Donald Trump’s second inauguration next week, the identity of Michael Barr’s replacement as the top bank supervisor at the Federal Reserve is surely ...
Michael Barr said he'll step down as the Federal Reserve's vice chair of supervision at the end of February, seeking to avoid a dispute over the role, as Donald Trump starts his second term as U.S.
Barr will exit that post by Feb. 28, or earlier if a successor is confirmed, according to a Fed news release, but will continue to serve as governor. Barr, the Fed’s top bank regulator ...
Barr said he was stepping down as the central bank's vice chair for supervision over a year before his term was set to expire in July 2026, but planned to keep his seat on the Fed's Board of ...
In his letter of resignation, which was submitted to President Joe Biden on Monday morning, Barr said he was concerned that a legal battle would be too disruptive to the Fed. Yet, he will not ...
Michael Barr, the Fed's vice president of supervision, said Monday he’ll step down from that role on Feb. 28 after serving in the position since July 2022 but will remain on the Fed’s board.
Incoming President Donald Trump didn’t have to ask Federal Reserve Vice Chair Michael Barr to step down from his role as the central bank’s top regulator.
The Fed made the announcement on Monday. Barr assumed the post in July, 2022. He has worked to strengthen regulation of financial institutions following bank failures in 2023. The Fed's statement ...