By Stepping Down Early, Michael Barr Preemptively Acquiesces to Trump’s Deregulatory Agenda
Federal Reserve Vice Chair for Supervision Michael Barr, the government’s top banking regulator, announced today that he will step down from his leadership role by the end of February, though he plans to continue serving as a member of the Fed’s Board of Governors. Barr’s decision came as President-elect Donald Trump was mulling over firing or demoting him, a move that could have led to a significant legal fight.
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