Washington, Jan 6, 2025 (AFP) - US Fed's top banking regulator says he will step down early

NAMPA / AFP

2025-01-06

The US Federal Reserve's most senior official in charge of banking regulation and supervision said Monday that he will step down early, paving the way for Donald Trump to 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 -- around 18 months before his term was set to expire on July 13, 2026. Barr, who was nominated to t......

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