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Michael Barr to step down as the Fed's head of banking supervision to avoid clash with Trump
CNBC.com ^ | 06 Jan 2025 | Jeff Cox

Posted on 01/07/2025 10:47:57 PM PST by blueplum

The Federal Reserve's top banking regulator will be stepping down next month, paving the way for President-elect Donald Trump to name a replacement and heading off a potential confrontation between the two...

Though he did not specifically mention the rumors that Trump would attempt to remove him, Barr said in a statement that "the risk of a dispute over the position could be a distraction from our mission. In the current environment, I've determined that I would be more effective in serving the American people from my role as governor."...

Bank stocks rallied following the announcement. ...

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: federalreserve; michaelbarr; trump; winning
more winning
1 posted on 01/07/2025 10:47:57 PM PST by blueplum
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To: blueplum

BTTT


2 posted on 01/07/2025 10:48:41 PM PST by nopardons
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To: blueplum

The wicked flee when no man pursueth:..Proverbs 28:1


3 posted on 01/07/2025 11:18:19 PM PST by LibertyWoman
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To: blueplum

They need to investigate the handling of the Silicon Valley Bank bailout.


4 posted on 01/08/2025 2:03:39 AM PST by tired&retired (Blessings )
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To: blueplum

Who knew the swamp could be self-draining?


5 posted on 01/08/2025 3:37:08 AM PST by Nervous Tick (Not su)
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To: blueplum

He should just stick around until the fed is dissolved and get thrown out with the trash.


6 posted on 01/08/2025 4:09:17 AM PST by maddog55 (The only thing systemic in America is the left's hatred of it!)
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