Fed vice chair for supervision is fearful that Trump will attempt to take away him – report

Fed vice chair for supervision Michael Barr is fearful. He was appointed in 2022 for a time period that lasts till 2032 however is fearful that Trump might attempt to take away him.

Reuters reviews that he sought recommendation from regulation agency Arnold & Porter.

I am doubt that is significant for markets however it does communicate to actual worries round Trump and the Fed. It additionally speaks to how strongly he may really feel (or his donors may really feel) about financial institution regulation.

Barr, like Quarles earlier than him, not often weighs in on financial coverage and virtually all the time focuses on regulation and supervision of banks.

This text was written by Adam Button at www.ubaidahsan.com.



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