Michael Barr Resigns as Fed’s Vice Chair Ahead of Trump’s Term

Quick Summary:

Michael Barr, the Federal Reserve’s vice chair for supervision, announced he will step down from his role on February 28, 2025, in a move that will allow President-elect Donald Trump to appoint a new banking regulator.

Barr’s resignation ends a four-year term that was set to last until 2026.

The incoming president had considered removing Barr from his role, a move that could have led to a lengthy and disruptive dispute.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab EmiratesPakistan

Topics: Market News DonaldTrump Crypto Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 05:59:43 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24957238

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News Last Updated: 11 hours ago

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