NEWS: US Fed’s top banking regulator says he will step down early

US Fed's top banking regulator says he will step down early

Michael Barr, seen in November 15, 2023, has announced that he will step down from his supervisory role.
Photo: SAUL LOEB / AFP/File
Source: AFP

The US Federal Reserve’s top banking regulator announced his early resignation Monday, avoiding a confrontation with President-elect Donald Trump who can now pick his replacement.

Michael Barr, the Fed’s vice chair for banking supervision, said in a statement that he will step down from his management role by February 28 at the latest –…

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