Michael Barr to step down as the Fed's head of banking supervision to avoid clash with Trump

The Federal Reserve’s top banking regulator, Michael Barr, will step down as vice chair for supervision on Feb. 28, remaining as a Fed governor until 2026. His resignation comes amid speculation that President-elect Donald Trump may appoint a replacement who is more bank-friendly, easing potential confrontation. The Fed will not make major decisions on rules and regulations until a successor is named, with Trump having to choose from the current seven board members.

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