Barr resigns as Fed’s vice-chair for supervision
Basel III champion leaves role to avoid potential battles with new administration
The US Federal Reserve on January 6 announced that Michael Barr would be resigning as vice-chair for supervision.
Barr’s resignation will be effective from either February 28 or as soon as a successor has been confirmed by the current president-elect Donald Trump and the Senate.
Barr alluded to potential attempts by the incoming administration to strip him of his position as vice-chair. Such a move – which some of Trump’s aides reportedly advised the president-elect to carry out – would have been
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