WASHINGTON (Reuters) – The Federal Reserve’s high regulatory official introduced Monday he plans to step down from that put up efficient February 28.
Fed Vice Chair for Supervision Michael Barr mentioned in an announcement he was stepping down from the position early, however deliberate to stay on the Fed board as a governor. The central financial institution mentioned in an announcement it will take up no main rulemakings till a successor to the regulatory position is confirmed.
Barr, a Democrat, was going through a probably messy authorized dispute with President-elect Donald Trump, who could have tried to take away him from the put up earlier than his time period expired in July 2026.
