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After Trump's criticism, Michael Barr to resign as vice chair of Federal Reserve

Donald Trump

Jan. 6 (UPI) -- Michael Barr, the vice chair for supervision at the Federal Reserve , said he will leave his post in February, giving President Donald Trump a chance to fill one of the top positions on the powerful central bank. Barr's term was supposed to extend until 2026, but in his resignation letter to President Joe Biden , he said he would leave the board formally on Feb. 28 after speculation arose that Trump wanted to seek someone more friendly to banks in that position. Advertisement

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After Trump's criticism, Michael Barr to resign as vice chair of Federal Reserve https://www.upi.com - 06.01.2025 21:52
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