Michael Barr to Leave His Role as Fed Vice Chair for Supervision

Michael Barr is stepping down from his position as the Federal Reserve’s vice chair for supervision by Feb. 28, potentially to avoid a legal battle with President-elect Donald J. Trump’s administration over his removal. Barr will remain on the Board of Governors, but his departure may stall bank regulatory actions until a successor is appointed, impacting the Fed’s independence and oversight of the financial system. Barr’s decision comes after facing criticism for overseeing a proposal to increase bank capital requirements, and speculation arises on the future of regulatory rules under a Trump administration.

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