Michael Barr, the United States Federal Reserve’s vice chairman for banking supervision, has announced his resignation amid discussions by President-elect Donald Trump’s advisers about potentially demoting him. In a letter to President Joe Biden, Barr stated that his resignation would take effect on February 28. Despite stepping down from the role, Barr confirmed he would continue serving as a...
source: https://news.shib.io/2025/01/07/federal-reserve-vice-chair-michael-barr-resigns-amid-demotion-rumors/?utm_source=rss&utm_medium=rss&utm_campaign=federal-reserve-vice-chair-michael-barr-resigns-amid-demotion-rumors