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Fed's Michael Barr to Resign

Hosted on MSN · 2d

Michael Barr's resignation isn't abnormal – but it limits Trump's appointment powers

Monday's decision by the Federal Reserve's top bank regulator to step down from his job — but not from the Fed entirely — is simultaneously less and more than meets the eye. Why it matters: Michael Barr's self-demotion clears the way for President-elect Trump to appoint a vice chair for supervision.

Fed's Barr to resign early from regulatory job to avoid legal fight with Trump

Michael Barr, the Federal Reserve's top regulatory cop, said he will step down on Feb. 28, in a surprise move that will avert a potentially messy legal fight with President-elect Donald Trump who is now free to replace him with an official of his choosing.

CNBC on MSN · 2d

Wall Street notches another win as Fed's Barr clears the way for gentler banking regulator

"Barr's resignation of the vice chair role, while remaining a governor, is actually very clever," Graham said. "It preserves the balance of power for board votes for a year or so, and it constrains the choices for his replacement to those currently serving on the board."

16h

Pro Take: Crypto Could Get a Boost as Barr Departs as Fed’s Supervisory Head

Trump-picked leaders at the FDIC and OCC along with a new supervisory point person at the Fed may lead to softer crypto ...

3d

Why bank stocks care that Michael Barr is stepping down as top Fed banking cop

Michael Barr, vice chair for supervision for the Federal Reserve and the leader of the U.S. effort behind the so-called Basel ...

The Daily Hodl3d

Stablecoin Skeptic Michael Barr Steps Down As Vice Chair for Supervision Ahead of Trump Inauguration

The Federal Reserve Board has announced that Michael S. Barr is resigning from his position as Vice Chair for Supervision.

American Banker2d

Barr's self-demotion changes little for regulatory outlook

Michael Barr's surprise announcement that he will step down as the Federal Reserve's chief regulator could ultimately mean ...

Biden’s Top Bank Cop Who Oversaw Wave Of Regional Failures Resigns Ahead Of Potential Fight With Trump

Michael Barr, the Federal Reserve’s vice chair for supervision, announced that he would step down on Monday amid speculation ...

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