Federal Reserve's Barr To Resign As Vice Chair For Supervision In 2025

According to Odaily, Federal Reserve Vice Chair for Supervision, Barr, has announced his resignation effective February 28, 2025. The Federal Reserve's statement indicated that Barr will continue to serve as a board member but will refrain from engaging in significant rule-making activities until a successor is appointed. Barr expressed concerns that controversies surrounding his position could potentially distract the Federal Reserve's focus.