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Michael Barr to Resign as Federal Reserve's Vice Chair for Supervision

share-iconTuesday, January 07 comment-icon2 weeks ago 11 views
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bloombergBLOOMBERG
Michael Barr to Resign as Federal Reserve's Vice Chair for Supervision

Credited from: BLOOMBERG

  • Michael Barr, the Federal Reserve's Vice Chair for Supervision, is set to resign from his post.
  • His departure suggests a desire to avoid a potential confrontation with President-elect Donald Trump.
  • This decision raises concerns regarding the future of a significant bank-capital proposal currently under consideration.
  • The resignation may shift the dynamics in banking regulation as Trump prepares to take office.
  • For more details, read the full article here.

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